Varex Imaging Corp reports results for the quarter ended December 31 - Earnings Summary

• Varex Imaging Corp VREX.OQ reported quarterly adjusted earnings of 7 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 6 cents. The mean expectation of four analysts for the quarter was for earnings of 4 cents per share. Wall Street expected results to range from 2 cents to 5 cents per share.

• Revenue rose 15.2% to $218.80 million from a year ago; analysts expected $202.15 million.

• Varex Imaging Corp's reported EPS for the quarter was a loss of 1 cent​.

• The company reported a quarterly loss of $300 thousand.

• Varex Imaging Corp shares had fallen by 0.1% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 4.8% 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 $21.00

This summary was machine generated from LSEG data February 7 at 01:12 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)