Varex Imaging Corp expected to post earnings of 36cents a share - Earnings Preview

Varex Imaging

12/11/2022 01:50

* Varex Imaging Corp  VREX.OQ   VREX.O  is expected to show
a fall
in quarterly revenue when it reports  results on November 15. 
    * The Salt Lake City Utah-based  company is expected to
report  a
1.3% decrease in revenue to $223.275 million from $226.3 million
a year ago, according to the mean estimate from 4 analysts,
based on Refinitiv data. The company's guidance on August 2
2022, for the period ended September 30, was for revenue between
$210.00 million and $240.00 million.
    * ​Refinitiv's mean analyst estimate for Varex Imaging Corp
is for
earnings of 36 cents per share. The company's EPS guidance on
August 2 2022, for the period ended September 30, was between
USD0.25 and USD0.45 
    * 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 $37​, above​ its last closing price of $22.42. ​​​

The company's guidance on August 2 2022 for the period ended
September 30 was for gross profit margin between USD33% and
USD34%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2021  0.37        0.37       0.45      Beat    22.7
 ​​Jun.        0.27        0.27       0.40      Beat    47.6
 30 2021                                                
 Mar. 31 2021  0.17        0.17       0.35      Beat    112.1​
 Dec. 31 2020  -0.04       -0.03      0.08      Beat    390.9
 Sep. 30 2020  -0.10       -0.10      -0.04     Beat    61
 This summary was machine generated November 12 at 01:50 GMT. 
All figures in US dollars  unless otherwise stated