Varex Imaging Corp expected to post earnings of 21 cents a share - Earnings Preview

Varex Imaging

01/05/2024 24:51

* Varex Imaging Corp  VREX.OQ   VREX.O  is expected to show
a fall
in quarterly revenue when it reports  results on May 2 for the
period ending March 31 2024
    * The Salt Lake City Utah-based  company is expected to
report a
10.1% decrease in revenue to $205.15 million from $228.2 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data.The company's guidance on February 6 2024,
for the period ended March 31, was for revenue between $195.00
million and $215.00 million.
    * ​LSEG's mean analyst estimate for Varex Imaging Corp is
for
earnings of 21 cents per share. The company's EPS guidance on
February 6 2024, for the period ended March 31, was between
$0.19 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 $28.00​, above​ its last closing price of $16.25. ​​​

The company's guidance on February 6 2024 for the period ended
March 31 was for gross profit margin between USD32% and USD33%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.13        0.11       0.06      Missed  -43.8
 Sep. 30 2023  0.35        0.35       0.45      Beat    28.6
 Jun. 30 2023  0.33        0.32       0.37      Beat    16.8​
 Jan. 1 0001   0.19        0.18       0.26      Beat    41.8
 ​​Dec.        0.20        0.20       0.21      Beat    6.8
 31 2022                                                
 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
 This summary was machine generated April 30 at 23:51 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)