Varex Imaging (NASDAQ:VREX – Get Free Report) issued an update on its third quarter 2024 earnings guidance on Friday morning. The company provided earnings per share guidance of 0.050-0.250 for the period, compared to the consensus earnings per share estimate of 0.330. The company issued revenue guidance of $200.0 million-$220.0 million, compared to the consensus revenue estimate of $224.5 million.
Analyst Ratings Changes
Separately, TheStreet lowered shares of Varex Imaging from a b- rating to a c rating in a research note on Tuesday, February 6th.
Get Our Latest Stock Analysis on VREX
Varex Imaging Stock Performance
Varex Imaging (NASDAQ:VREX – Get Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.07). The company had revenue of $206.20 million for the quarter, compared to analyst estimates of $205.15 million. Varex Imaging had a return on equity of 8.26% and a net margin of 4.90%. During the same quarter in the previous year, the company posted $0.26 earnings per share. The firm’s revenue for the quarter was down 9.6% compared to the same quarter last year. On average, equities analysts expect that Varex Imaging will post 0.99 earnings per share for the current year.
About Varex Imaging
Varex Imaging Corporation designs, manufactures, and sells X-ray imaging components. The company operates through two segments, Medical and Industrial. The Medical segment designs, manufactures, sells, and services X-ray imaging components, comprising X-ray tubes, digital detectors and accessories, ionization chambers, high voltage connectors, image-processing software and workstations, 3D reconstruction software, computer-aided diagnostic software, collimators, automatic exposure control devices, generators, and heat exchangers.
See Also
- Five stocks we like better than Varex Imaging
- What Are Dividends? Buy the Best Dividend Stocks
- 3 CEO-Led Turnaround Stocks You Can Still Buy
- What is the S&P 500 and How It is Distinct from Other Indexes
- 3 Value Stocks You Can Buy Before They Become Big
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- Chinese Stocks Stage Impressive Rebound
Receive News & Ratings for Varex Imaging Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Varex Imaging and related companies with MarketBeat.com's FREE daily email newsletter.