Syneos Health Inc expected to post earnings of 66  cents a share - Earnings Preview

Syneos Health

08/05/2023 17:11

* Syneos Health Inc  SYNH.OQ   SYNH.O  is expected to show a
fall
in quarterly revenue when it reports  results on May 10. 
    * The Morrisville North Carolina-based  company is expected
to
report  a 4.1% decrease in revenue to $1.282 billion from $1.34
billion a year ago, according to the mean estimate from 9
analysts, based on Refinitiv data. The company's guidance on
February 16 2023, for the period ended March 31, was for revenue
between $1.26 billion and $1.31 billion.
    * ​Refinitiv's mean analyst estimate for Syneos Health Inc
is for
earnings of 66 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 8
"hold" and 2 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.8%
in the last three months. ​
    * Wall Street's median 12-month price target for Syneos
Health Inc
is $40​, above​ its last closing price of $39.72. ​​​

The company's guidance on February 16 2023 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD1.26 billion and USD148 million.
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  1.20        1.20       1.23      Beat    2.7
 Sep. 30 2022  1.32        1.32       1.23      Missed  -6.5
 Jun. 30 2022  1.20        1.20       1.25      Beat    4.6​
 Mar. 31 2022  0.95        0.95       1.01      Beat    6.5
 ​​Dec.        1.43        1.43       1.48      Beat    3.2
 31 2021                                                
 Sep. 30 2021  1.17        1.17       1.22      Beat    4.4​
 Jun. 30 2021  0.95        0.95       0.97      Beat    2.4
 Mar. 31 2021  0.74        0.75       0.79      Beat    5.8
 This summary was machine generated May 8 at 16:11 GMT.  All
figures in US dollars  unless otherwise stated