Security and healthcare technology company OSI Systems (NASDAQ:OSIS) will be reporting earnings this Thursday after the bell. Here’s what you need to know.
OSI Systems beat analysts’ revenue expectations by 2.3% last quarter, reporting revenues of $505 million, up 5% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ revenue estimates and a solid beat 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, analysts are expecting OSI Systems’s revenue to grow 6.6% year on year to $366.6 million, slowing from the 23.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.38 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. OSI Systems has missed Wall Street’s revenue estimates twice over the last two years.
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 7.9%, meeting analysts’ expectations, and Zebra reported revenues up 5.2%, in line with consensus estimates.
Read our full analysis of Mirion’s results here and Zebra’s results here.
Investors in the tech hardware & electronics segment have had steady hands going into earnings, with share prices flat over the last month. OSI Systems is up 5.4% during the same time and is heading into earnings with an average analyst price target of $260.33 (compared to the current share price of $250.94).
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