OSI (OSIS) Reports Q1 Earnings: What Key Metrics Have to Say
For the quarter ended September 2023, OSI Systems (OSIS) reported revenue of $279.21 million, up 4.2% over the same period last year. EPS came in at $0.91, compared to $0.87 in the year-ago quarter.
The reported revenue represents a surprise of -0.46% over the Zacks Consensus Estimate of $280.51 million. With the consensus EPS estimate being $0.85, the EPS surprise was +7.06%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how OSI performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Healthcare Division: $37.79 million versus $45.87 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -13.3% change.
Revenues- Intersegment Elimination: -$19.33 million versus the two-analyst average estimate of -$13.75 million. The reported number represents a year-over-year change of +34.3%.
Revenues- Optoelectronics and Manufacturing Division: $96.13 million compared to the $95.40 million average estimate based on two analysts. The reported number represents a change of +2.4% year over year.
Revenues- Security Division: $164.63 million versus $152.40 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +13.5% change.
View all Key Company Metrics for OSI here>>>
Shares of OSI have returned -4% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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