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

• QuidelOrtho Corp QDEL.OQ reported quarterly adjusted earnings of 63 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of $1.17. The mean expectation of nine analysts for the quarter was for earnings of 59 cents per share. Wall Street expected results to range from 48 cents to 68 cents per share.

• Revenue fell 4.7% to $707.80 million from a year ago; analysts expected $699.16 million.

• QuidelOrtho Corp's reported EPS for the quarter was a loss of $2.28​.

• The company reported a quarterly loss of $153.4 million.

• QuidelOrtho Corp shares had fallen by 6.9% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 15.5% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 3 "hold" and 1 "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 QuidelOrtho Corp is $54.00

This summary was machine generated from LSEG data February 12 at 10:39 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)