Varex Imaging Corp expected to post earnings of 32  cents a share - Earnings Preview

Varex Imaging

29/07/2023 24:24

* Varex Imaging Corp  VREX.OQ   VREX.O  is expected to show
a rise
in quarterly revenue when it reports  results on August 1. 
    * The Salt Lake City Utah-based  company is expected to
report  a
6.4% increase in revenue to $228.267 million from $214.5 million
a year ago, according to the mean estimate from 3 analysts,
based on Refinitiv data. The company's guidance on May 2 2023,
for the period ended June 30, was for revenue between $220.00
million and $240.00 million.
    * ​Refinitiv's mean analyst estimate for Varex Imaging Corp
is for
earnings of 32 cents per share. The company's EPS guidance on
May 2 2023, for the period ended June 30, was between $0.20 and
$0.40 
    * 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 $23.05. ​​​

The company's guidance on May 2 2023 for the period ended June
30 was for gross profit margin between USD32% and 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  
 Mar. 31 2023  0.19        0.18       0.26      Beat    41.8
 Dec. 31 2023  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.        0.23        0.23       0.37      Beat    60.9
 31 2022                                                
 Dec. 31 2021  0.29        0.28       0.25      Missed  -10.7​
 Sep. 30 2021  0.37        0.37       0.45      Beat    22.7
 Jun. 30 2021  0.27        0.27       0.40      Beat    47.6
 This summary was machine generated July 28 at 23:24 GMT.  All
figures in US dollars  unless otherwise stated