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

• Embecta Corp EMBC.OQ reported quarterly adjusted earnings of $1.12​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 74 cents. The mean expectation of four analysts for the quarter was for earnings of 78 cents per share. Wall Street expected results to range from 75 cents to 82 cents per share.

• Revenue rose 8.4% to $295.50 million from a year ago; analysts expected $278.23 million.

• Embecta Corp's reported EPS for the quarter was 78 cents​.

• The company reported quarterly net income of $45.5 million.

• Embecta Corp shares had risen by 6.9% this quarter and lost 49.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.2% 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 "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 2 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the medical equipment, supplies & distribution peer group is "buy."

• Wall Street's median 12-month price target for Embecta Corp is $18.00, about 42.4% above its last closing price of $10.36

This summary was machine generated from LSEG data August 8 at 02:07 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)