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

• Avantor Inc AVTR reported quarterly adjusted earnings of 22 cents​​ per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of 29 cents. The mean expectation of twenty analysts for the quarter was for earnings of 20 cents per share. Wall Street expected results to range from 19 cents to 23 cents per share.

• Revenue fell 5.6% to $1.68 billion from a year ago; analysts expected $1.68 billion.

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

• The company reported quarterly net income of $60.4 million.

• Avantor Inc shares had fallen by 1.6% this quarter and gained 10.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 13.9% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy," 8 "hold" and no "sell" or "strong sell."

• Wall Street's median 12-month price target for Avantor Inc is $28.00

This summary was machine generated from LSEG data April 26 at 03:05 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)