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

• Varex Imaging Corp VREX.OQ reported quarterly adjusted earnings of 18 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 14 cents. The mean expectation of five 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 fell 2.9% to $203.00 million from a year ago; analysts expected $190.32 million.

• Varex Imaging Corp's reported EPS for the quarter was a loss of $2.15​.

• The company reported a quarterly loss of $89.1 million.

• Varex Imaging Corp shares had fallen by 18.8% this quarter and lost 51.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 56.2% 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 $16.00, about 51.2% above its last closing price of $7.81

This summary was machine generated from LSEG data August 8 at 04:48 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)