Steris Set to Report Q1 Earnings as Performance Accelerates in Anticipation

August 13, 2023


Steris Corporation (NYSE: STE) is all set to unveil its highly anticipated first-quarter earnings for the fiscal year 2023 on August 2nd, 2023, at 9:00 AM EST. As one of the leading providers of infection prevention and sterilization products, Steris has been steadily gaining momentum and is expected to provide valuable insights into its financial health during this upcoming earnings call.

Fundamental Analysis:

ReportDate NetIncome TotalRevenue DilutedEPS unit
Q1 2023-06-30 123.6 1284.5 1.25 million USD
Q4 2023-03-31 187.2 1384.8 1.88 million USD
Q3 2022-12-31 123.8 1216.0 1.24 million USD
Q2 2022-09-30 -315.3 1200.5 -3.15 million USD
Q1 2022-06-30 111.3 1156.5 1.10 million USD

To evaluate Steris‘ performance, we need to delve into its past financials. In the last quarter, ending March 31st, 2023, Steris reported a net income of $187.2 million on total revenue of $1384.8 million, resulting in diluted earnings per share (EPS) of $1.88 million. However, it is important to note that the previous quarterly report noted a net loss of $315.3 million.

Examining the latest quarterly figures, Steris observed a significant upturn in its financials compared to the previous year. The company experienced a surge in net income, total revenue, and EPS, indicating a positive growth trajectory.

Technical Analysis:

since low high change change%
1D 2023-08-11 226.1 228.2 0.8 0.3
5D 2023-08-07 222.2 230.0 1.8 0.8
1M 2023-07-13 222.2 254.0 -0.7 -0.3
3M 2023-05-10 187.1 254.0 38.6 20.4

Analyzing Steris‘ past three-month price performance in USD offers valuable insights into market sentiments. Over the past one day, the stock reached a high of $228.2 with a low of $226.1, registering a marginal gain of $0.8 per share. Over the course of the last five days, Steris witnessed an upward movement from $222.2 to $230.0, indicating an increase of $1.8 per share.

The one-month performance, however, showcases a slight dip with a negative change of -0.7% and a three-month analysis reveals an impressive 20.4% increase. These figures offer investors an understanding of Steris‘ recent market behavior and can aid in gauging future trends.

Historical Guidance:

Steris‘ past performance acts as a guiding light for both investors and stakeholders. Over the last quarter, Steris demonstrated resilience by rebounding from a net loss to achieve a remarkable net income. This suggests the company’s ability to adapt to changing market conditions and capitalize on emerging opportunities.

Moreover, Steris has consistently displayed strong revenue growth, with the previous quarter’s total revenue reaching $1384.8 million. This positive trend bodes well for the upcoming earnings call and may indicate further potential for growth.

Analyst Estimates:

Gauging analysts’ expectations is crucial when anticipating earnings calls. While specific estimates for Steris‘ Q1 2023 earnings are not provided, it is important to note that the company has historically performed well and exceeded market expectations.

Market experts keenly follow Steris due to its significant presence in the healthcare industry. These professionals analyze multiple factors, such as product launches, demand, and industry trends, to determine the potential impact on Steris‘ financials. Their insights can help investors anticipate the company’s future prospects and make informed decisions.

In Conclusion:

With the highly anticipated Steris Q1 2023 earnings call right around the corner, investors are eager to gain valuable insights into the company’s financial performance. Steris‘ recent financial upturn, coupled with its strong historical guidance, suggests a positive outlook for the company.

While technical analysis illustrates a stable market sentiment toward Steris, analyst estimates provide additional data points for potential growth possibilities. Taking all these factors into consideration, investors and stakeholders are undoubtedly looking forward to the upcoming earnings call with great anticipation.

As the Q1 earnings report approaches, tune in to catch Steris‘ executives discuss their achievements, challenges, and future outlook. With exciting prospects on the horizon, this earnings call is poised to unveil invaluable information for those seeking a deeper understanding of Steris‘ financial health and market position.

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