Owens & Minor Inc reports results for the quarter ended June 30 - Earnings Summary

• Owens & Minor Inc OMI.N reported quarterly adjusted earnings of 26 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 36 cents. The mean expectation of six analysts for the quarter was for earnings of 27 cents per share. Wall Street expected results to range from 23 cents to 31 cents per share.

• Revenue fell 74.5% to $681.92 million from a year ago; analysts expected $2.73 billion.

• Owens & Minor Inc's reported EPS for the quarter was a loss of $11.30​.

• The company reported a quarterly loss of $869.06 million.

• Owens & Minor Inc shares had fallen by 22.1% this quarter and lost 45.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 14.2% 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 "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "hold" and 2 "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 Owens & Minor Inc is $10.00, about 29.1% above its last closing price of $7.09

This summary was machine generated from LSEG data August 11 at 01:31 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)