Merit Medical Systems Inc reports results for the quarter ended December 31 - Earnings Summary

• Merit Medical Systems Inc MMSI.OQ reported quarterly adjusted earnings of 93 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 81 cents. The mean expectation of ten analysts for the quarter was for earnings of 83 cents per share. Wall Street expected results to range from 81 cents to 85 cents per share.

• Revenue rose 9.4% to $355.16 million from a year ago; analysts expected $351.35 million.

• Merit Medical Systems Inc's reported EPS for the quarter was 46 cents​.

• The company reported quarterly net income of $27.95 million.

• Merit Medical Systems Inc shares had risen by 7.0% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.6% 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 9 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the medical equipment, supplies & distribution peer group is also "buy"

Wall Street's median 12-month price target for Merit Medical Systems Inc is $119.00

This summary was machine generated from LSEG data February 25 at 10:45 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)