Varex Imaging Corp expected to post earnings of 20cents a share - Earnings Preview

Varex Imaging

28/01/2023 24:00

* Varex Imaging Corp  VREX.OQ   VREX.O  is expected to show
a rise
in quarterly revenue when it reports  results on January 31. 
    * The Salt Lake City Utah-based  company is expected to
report  a
3.3% increase in revenue to $205.35 million from $198.8 million
a year ago, according to the mean estimate from 2 analysts,
based on Refinitiv data. The company's guidance on November 15
2022, for the period ended December 31, was for revenue between
$195.00 million and $215.00 million.
    * ​Refinitiv's mean analyst estimate for Varex Imaging Corp
is for
earnings of 20 cents per share. The company's EPS guidance on
November 15 2022, for the period ended December 31, was between
$0.10 and $0.30 
    * 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 $33​, above​ its last closing price of $20.78. ​​​

The company's guidance on November 15 2022 for the period ended
December 31 was for gross profit margin of USD33%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2021  0.29        0.28       0.25      Missed  -10.7
 ​​Sep.        0.37        0.37       0.45      Beat    22.7
 30 2021                                                
 Jun. 30 2021  0.27        0.27       0.40      Beat    47.6​
 Mar. 31 2021  0.17        0.17       0.35      Beat    112.1
 Dec. 31 2020  -0.04       -0.03      0.08      Beat    390.9
 This summary was machine generated January 28 at 00:00 GMT.  All
figures in US dollars  unless otherwise stated