Wall Street analysts expect OSI Systems (OSIS) to post quarterly earnings of $2.35 per share in its upcoming report, which indicates a year-over-year increase of 6.3%. Revenues are expected to be $402.85 million, up 7.9% from the year-ago quarter.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some OSI metrics that Wall Street analysts commonly model and monitor.
It is projected by analysts that the 'Revenues- Healthcare division' will reach $42.85 million. The estimate suggests a change of +2.4% year over year.
According to the collective judgment of analysts, 'Revenues- Optoelectronics and Manufacturing division, including intersegment revenues' should come in at $96.55 million. The estimate points to a change of -1.6% from the year-ago quarter.
Analysts forecast 'Revenues- Security division' to reach $281.24 million. The estimate suggests a change of +12.5% year over year.
View all Key Company Metrics for OSI here>>>
Over the past month, OSI shares have recorded returns of -4.9% versus the Zacks S&P 500 composite's -0.4% change. Based on its Zacks Rank #2 (Buy), OSIS will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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