Security and healthcare technology company OSI Systems (NASDAQ: OSIS) will be reporting earnings this Thursday after the bell. Here’s what to expect.
OSI Systems missed analysts’ revenue expectations last quarter, reporting revenues of $484.1 million, down 4.1% year on year. It was a softer quarter for the company, with full-year revenue guidance missing analysts’ expectations and a slight miss of analysts’ full-year EPS guidance estimates.
Is OSI Systems a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting OSI Systems’s revenue to grow 2.3% year on year, slowing from the 11.8% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. OSI Systems rarely misses Wall Street’s revenue estimates.
Looking at OSI Systems’s peers in the tech hardware & electronics segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Mirion delivered year-on-year revenue growth of 24.5%, beating analysts’ expectations by 1.1%, and TD SYNNEX reported revenues up 37.7%, topping estimates by 13.5%. TD SYNNEX traded down 8.6% following the results.
Read our full analysis of Mirion’s results here and TD SYNNEX’s results here.
There has been positive sentiment among investors in the tech hardware & electronics segment, with share prices up 3.7% on average over the last month. OSI Systems is up 4.1% during the same time and is heading into earnings with an average analyst price target of $273.29 (compared to the current share price of $201).
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