Security and healthcare technology company OSI Systems (NASDAQ: OSIS) will be reporting earnings this Thursday afternoon. Here’s what you need to know.
OSI Systems beat analysts’ revenue expectations by 4.9% last quarter, reporting revenues of $384.6 million, up 11.8% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ revenue estimates and full-year revenue guidance slightly topping analysts’ expectations.
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 7.9% year on year to $453.1 million, slowing from the 12.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.52 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 only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 3.1% on average.
Looking at OSI Systems’s peers in the tech hardware & electronics segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Jabil delivered year-on-year revenue growth of 18.7%, beating analysts’ expectations by 3.8%, and TD SYNNEX reported revenues up 9.7%, topping estimates by 2.6%. Jabil traded up 2.1% following the results while TD SYNNEX’s stock price was unchanged.
Read our full analysis of Jabil’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 2.2% on average over the last month. OSI Systems is up 2.6% during the same time and is heading into earnings with an average analyst price target of $295 (compared to the current share price of $276.98).
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