Surmodics Inc reports results for the quarter ended in June - Earnings Summary

SurModics

02/08/2023 14:34

* Surmodics Inc  SRDX.OQ  reported quarterly adjusted
earnings of
52 cents​​ per share for the quarter ended in June. The mean
expectation of four analysts for the quarter was for earnings of
5 cents per share.
    * Revenue rose 111.2% to $52.48 million from a year ago;
analysts
expected $38.06 million. 
    * Surmodics Inc's reported EPS for the quarter was 52
cents​.
    * The mean earnings estimate of analysts had risen by
about 110.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Surmodics Inc shares had fallen by 0.4% this quarter and
lost 8.6% so far this year.
    * The company reported quarterly net income of $7.35
million.
    * Wall Street's median 12-month price target for Surmodics
Inc is
$54.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 2 at 01:33 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.05           0.52           Beat
 Mar. 31 2023      -0.51          -0.40          Beat
 Dec. 31 2022      -0.66          -0.50          Beat
 Sep. 30 2022      -0.45          -0.26          Beat