Varex Imaging Corp reports results for the quarter ended in December - Earnings Summary

Varex Imaging

06/02/2024 23:32

* Varex Imaging Corp  VREX.OQ  reported quarterly adjusted
earnings of 6 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 21 cents.  The mean expectation of
four analysts for the quarter was for earnings of 11 cents per
share. Wall Street expected results to range from 6 cents to 15
cents per share.
    * Revenue fell 7.6% to $190.00 million from a year ago;
analysts
expected $187.98 million. 
    * Varex Imaging Corp's reported EPS for the quarter was a
loss of
1 cent​.
    * The company reported a quarterly loss of $500 thousand.
    * Varex Imaging Corp shares had fallen by 6.0% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 55.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the advanced
medical
equipment & technology peer group is also "buy"

Wall Street's median 12-month price target for Varex Imaging
Corp is $28.00 
This summary was machine generated from LSEG data February 6 at
11:32 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.11           0.06           Missed
 Sep. 30 2023      0.35           0.45           Beat
 Jun. 30 2023      0.32           0.37           Beat
 Mar. 31 2023      0.18           0.26           Beat