Surmodics Inc expected to post earnings of 5  cents a share - Earnings Preview

SurModics

31/07/2023 19:34

* Surmodics Inc  SRDX.OQ   SRDX.O  is expected to show a
rise in
quarterly revenue when it reports  results on August 2. 
    * The Eden Prairie Minnesota-based  company is expected to
report 
a 53.2% increase in revenue to $38.065 million from $24.85
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
earnings of 5 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
$54​, above​ its last closing price of $32.12. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -0.49       -0.51      -0.40     Beat    21.3
 Dec. 31 2023  -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.        -0.35       -0.34      -0.22     Beat    35.3
 31 2022                                                
 Dec. 31 2021  -0.31       -0.31      -0.13     Beat    58.5​
 Sep. 30 2021  -0.25       -0.25      -0.10     Beat    60
 Jun. 30 2021  -0.15       -0.17      -0.17     Met     -2
 This summary was machine generated July 31 at 18:33 GMT.  All
figures in US dollars  unless otherwise stated