Avantor Inc reports results for the quarter ended March 31 - Earnings Summary

• Avantor Inc AVTR.N reported quarterly adjusted earnings of 23 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 22 cents. The mean expectation of twenty two analysts for the quarter was for earnings of 23 cents per share. Wall Street expected results to range from 22 cents to 25 cents per share.

• Revenue fell 5.9% to $1.58 billion from a year ago; analysts expected $1.61 billion.

• Avantor Inc's reported EPS for the quarter was 9 cents​.

• The company reported quarterly net income of $64.5 million.

• Avantor Inc shares had fallen by 4.4% this quarter and lost 26.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 7.8% in the last three months.​

• In the last 30 days, five analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," 10 "hold" and no "sell" or "strong sell." The average consensus recommendation for the medical equipment, supplies & distribution peer group is also "buy"

• Wall Street's median 12-month price target for Avantor Inc is $21.50

This summary was machine generated from LSEG data April 25 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)