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

Varex Imaging

03/05/2024 17:22

* Varex Imaging Corp  VREX.OQ  reported quarterly adjusted
earnings of 16 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 26 cents.  The mean expectation of four analysts for the
quarter was for earnings of 21 cents per share. Wall Street
expected results to range from 19 cents to 23 cents per share.
    * Revenue fell 9.6% to $206.20 million from a year ago;
analysts
expected $205.15 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 fallen by 9.2% this
quarter and
lost 19.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.1%
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 May 3 at 04:22
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
 Mar. 31 2024      0.21           0.16           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