Surmodics Inc expected to post a loss of 48 cents a share - Earnings Preview

SurModics

24/04/2023 19:31

* Surmodics Inc  SRDX.OQ   SRDX.O  is expected to show a
fall in
quarterly revenue when it reports  results on April 26. 
    * The Eden Prairie Minnesota-based  company is expected to
report 
a 0.9% decrease in revenue to $25.86 million from $26.11 million
a year ago, according to the mean estimate from 4 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Surmodics Inc is
for a
loss of 48 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"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
$60​, above​ its last closing price of $24.12. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  -0.65       -0.66      -0.50     Beat    23.8
 Sep. 30 2022  -0.45       -0.45      -0.26     Beat    42.4
 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.        -0.31       -0.31      -0.13     Beat    58.5
 31 2021                                                
 Sep. 30 2021  -0.25       -0.25      -0.10     Beat    60​
 Jun. 30 2021  -0.15       -0.17      -0.17     Met     -2
 Mar. 31 2021  0.66        0.63       0.62      Missed  -2.1
 This summary was machine generated April 24 at 18:31 GMT.  All
figures in US dollars  unless otherwise stated