Merit Medical Systems Inc reports results for the quarter ended June 30 - Earnings Summary

• Merit Medical Systems Inc MMSI.OQ reported quarterly adjusted earnings of $1.01​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 92 cents. The mean expectation of eleven analysts for the quarter was for earnings of 85 cents per share. Wall Street expected results to range from 83 cents to 88 cents per share.

• Revenue rose 13.2% to $382.46 million from a year ago; analysts expected $373.43 million.

• Merit Medical Systems Inc's reported EPS for the quarter was 54 cents​.

• The company reported quarterly net income of $32.58 million.

• Merit Medical Systems Inc shares had fallen by 11.4% this quarter and lost 14.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.2% 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 10 "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 $108.00, about 23.3% above its last closing price of $82.87

This summary was machine generated from LSEG data July 30 at 09:01 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)