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

Varex Imaging

01/08/2024 22:40

* Varex Imaging Corp  VREX.OQ  reported quarterly adjusted
earnings of 14 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 37 cents.  The mean expectation of four analysts for the
quarter was for earnings of 19 cents per share. Wall Street
expected results to range from 18 cents to 21 cents per share.
    * Revenue fell 9.9% to $209.10 million from a year ago;
analysts
expected $209.50 million. 
    * Varex Imaging Corp's reported EPS for the quarter was 3
cents​.
    * The company reported quarterly net income of $1.4 million.
    * Varex Imaging Corp shares had risen by 0.4% this
quarter and
lost 27.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 29.3%
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 $23.00 
This summary was machine generated from LSEG data August 1 at
09:39 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
 Jun. 30 2024      0.19           0.14           Missed
 Mar. 31 2024      0.21           0.16           Missed
 Dec. 31 2023      0.11           0.06           Missed
 Sep. 30 2023      0.35           0.45           Beat