Stevanato Group SpA reports results for the quarter ended in March - Earnings Summary

Stevanato SpA

09/05/2024 13:59

* Stevanato Group SpA  STVN.N  reported quarterly adjusted
earnings of 8 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 11 cents.  The mean expectation of nine analysts for the
quarter was for earnings of 11 cents per share. Wall Street
expected results to range from 10 cents to 12 cents per share.
    * Revenue fell 0.8% to €236.00 million from a year ago;
analysts
expected €237.17 million. 
    * Stevanato Group SpA's reported EPS for the quarter was 7
cents​.
    * The company reported quarterly net income of €18.8
million.
    * Stevanato Group SpA shares had fallen by 16.2% this
quarter and
lost 1.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 18.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Stevanato
Group
SpA is $36.00 

This summary was machine generated from LSEG data May 9 at 12:59
p.m. UTC. ​All figures in euros unless otherwise stated. (For
questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.11           0.08           Missed
 Dec. 31 2023      0.19           0.18           Missed
 Sep. 30 2023      0.15           0.15           Met
 Jun. 30 2023      0.13           0.14           Beat