Varex Imaging Corp expected to post earnings of 11 cents a share - Earnings Preview

Varex Imaging

02/02/2024 21:37

* Varex Imaging Corp  VREX.OQ   VREX.O  is expected to show
a fall
in quarterly revenue when it reports  results on February 6 for
the period ending December 31 2023
    * The Salt Lake City Utah-based  company is expected to
report a
8.6% decrease in revenue to $187.975 million from $205.6 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data.The company's guidance on November 14 2023,
for the period ended December 31, was for revenue between
$180.00 million and $200.00 million.
    * ​LSEG's mean analyst estimate for Varex Imaging Corp is
for
earnings of 11 cents per share. The company's EPS guidance on
November 14 2023, for the period ended December 31, was between
$0.00 and $0.20 
    * 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 Varex
Imaging
Corp is $28.00​, above​ its last closing price of $19.56. ​​​

The company's guidance on November 14 2023 for the period ended
December 31 was for gross profit margin between USD33% and
USD34%.
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  0.35        0.35       0.45      Beat    28.6
 Jun. 30 2023  0.33        0.32       0.37      Beat    16.8
 Mar. 31 2023  0.19        0.18       0.26      Beat    41.8​
 Dec. 31 2022  0.20        0.20       0.21      Beat    6.8
 ​​Sep.        0.35        0.36       0.42      Beat    17.8
 30 2022                                                
 Jun. 30 2022  0.24        0.25       0.37      Beat    51​
 Mar. 31 2022  0.23        0.23       0.37      Beat    60.9
 Dec. 31 2021  0.29        0.28       0.25      Missed  -10.7
 This summary was machine generated February 2 at 21:37 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)