Varex Imaging Corp reports results for the quarter ended September 30 - Earnings Summary

Varex Imaging

20/11/2024 24:00

* Varex Imaging Corp  VREX.OQ  reported quarterly adjusted
earnings of 19 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 45 cents.  The mean expectation of five analysts
for the quarter was for earnings of 9 cents per share. Wall
Street expected results to range from 7 cents to 12 cents per
share.
    * Revenue fell 9.5% to $205.70 million from a year ago;
analysts
expected $199.39 million. 
    * Varex Imaging Corp's reported EPS for the quarter was a
loss of
$1.22​.
    * The company reported a quarterly loss of $50 million.
    * Varex Imaging Corp shares had risen by 18.5% this
quarter and
lost 31.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.6%
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 4 "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 $19.50 
This summary was machine generated from LSEG data November 20 at
12:00 a.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
 Sep. 30 2024      0.09           0.19           Beat
 Jun. 30 2024      0.19           0.14           Missed
 Mar. 31 2024      0.21           0.16           Missed
 Dec. 31 2023      0.11           0.06           Missed