Surmodics Inc expected to post a loss of 30 cents a share - Earnings Preview

SurModics

30/01/2024 13:37

* Surmodics Inc  SRDX.OQ   SRDX.O  is expected to show a
rise in
quarterly revenue when it reports  results on February 1 for the
period ending December 31 2023
    * The Eden Prairie Minnesota-based  company is expected to
report
a 18.9% increase in revenue to $29.644 million from $24.93
million a year ago, according to the mean estimate from 4
analysts, based on LSEG data.The company's guidance on November
8 2023, for the period ended December 31, was for revenue
between $29.50 million and $30.50 million.
    * ​LSEG's mean analyst estimate for Surmodics Inc is for a
loss
of 30 cents per share. 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 4 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Surmodics
Inc is
$44.00​, above​ its last closing price of $35.56. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.18        0.19       0.53      Beat    186.5
 Jun. 30 2023  -0.22       0.05       0.52      Beat    893.7
 Mar. 31 2023  -0.49       -0.51      -0.40     Beat    21.3​
 Dec. 31 2022  -0.65       -0.66      -0.50     Beat    23.8
 ​​Sep.        -0.45       -0.45      -0.26     Beat    42.4
 30 2022                                                
 Jun. 30 2022  -0.38       -0.38      -0.34     Beat    11.3​
 Mar. 31 2022  -0.35       -0.34      -0.22     Beat    35.3
 Dec. 31 2021  -0.31       -0.31      -0.13     Beat    58.5
 This summary was machine generated January 30 at 13:37 GMT.  All
figures in US dollars 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)