Varex Imaging Corp expected to post earnings of 18  cents a share - Earnings Preview

Varex Imaging

29/04/2023 03:06

* Varex Imaging Corp  VREX.OQ   VREX.O  is expected to show
a rise
in quarterly revenue when it reports  results on May 2. 
    * The Salt Lake City Utah-based  company is expected to
report  a
0.2% increase in revenue to $215.133 million from $214.7 million
a year ago, according to the mean estimate from 3 analysts,
based on Refinitiv data. The company's guidance on January 31
2023, for the period ended March 31, was for revenue between
$205.00 million and $225.00 million.
    * ​Refinitiv's mean analyst estimate for Varex Imaging Corp
is for
earnings of 18 cents per share. The company's EPS guidance on
January 31 2023, for the period ended March 31, was between
$0.05 and $0.25 
    * 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 $36​, above​ its last closing price of $17.74. ​​​

The company's guidance on January 31 2023 for the period ended
March 31 was for gross profit margin between USD31% and USD32%.
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  0.20        0.20       0.21      Beat    6.8
 Sep. 30 2022  0.35        0.36       0.42      Beat    17.8
 Jun. 30 2022  0.24        0.25       0.37      Beat    51​
 Mar. 31 2022  0.23        0.23       0.37      Beat    60.9
 ​​Dec.        0.29        0.28       0.25      Missed  -10.7
 31 2021                                                
 Sep. 30 2021  0.37        0.37       0.45      Beat    22.7​
 Jun. 30 2021  0.27        0.27       0.40      Beat    47.6
 Mar. 31 2021  0.17        0.17       0.35      Beat    112.1
 This summary was machine generated April 29 at 02:06 GMT.  All
figures in US dollars  unless otherwise stated