VAREX IMAGING (VREX) Exceeds Expectations in Q4 Earnings and Revenue
Earnings Performance: VAREX IMAGING reported quarterly earnings of $0.37 per share, significantly exceeding the Zacks Consensus Estimate of $0.18, marking a 105.56% earnings surprise. The company also surpassed revenue expectations with $228.9 million, up from $205.7 million a year ago.
Stock Outlook: Despite strong earnings performance, VAREX IMAGING shares have declined by 21.7% this year, underperforming the S&P 500's 13.4% gain. The stock currently holds a Zacks Rank #3 (Hold), indicating expected performance in line with the market.
Industry Context: The Medical - Products industry, to which VAREX IMAGING belongs, is currently ranked in the bottom 30% of Zacks industries, suggesting potential challenges ahead. The performance of VAREX IMAGING may be influenced by broader industry trends.
Future Earnings Estimates: The consensus EPS estimate for the upcoming quarter is $0.21, with projected revenues of $207.65 million. Investors are advised to monitor changes in earnings estimates and industry outlooks, as these factors can significantly impact stock performance.
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Wall Street Analysts Predict VAREX IMAGING (VREX) May Rise by 29.92%: Important Insights Before You Invest
Stock Performance and Analyst Predictions: VAREX IMAGING (VREX) shares have risen 3.2% recently, with Wall Street analysts projecting a mean price target of $15.33, suggesting a potential upside of 29.9%, although estimates vary significantly.
Skepticism Towards Price Targets: Investors are cautioned against relying solely on price targets for investment decisions, as analysts may set overly optimistic targets influenced by business relationships, despite some agreement indicating potential price movement.
Earnings Estimate Revisions: Analysts show growing optimism for VREX's earnings, with a 1% increase in the Zacks Consensus Estimate over the past month, which correlates with potential stock price movements.
Zacks Rank and Future Recommendations: VREX holds a Zacks Rank #2 (Buy), placing it in the top 20% of stocks based on earnings estimates, and Zacks Investment Research is preparing to release its top stock picks for 2026.
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Analyst Downgrades: Morgan Stanley lowered Harley-Davidson's price target from $25 to $21 while maintaining an Underweight rating, and Citigroup cut Westlake Corp's target from $88 to $75 but kept a Buy rating.
Analyst Upgrades: B of A Securities raised Baidu's price target from $100 to $151 with a Buy rating, and Truist Securities increased Eli Lilly's target from $1,038 to $1,182, also maintaining a Buy rating.
Mixed Ratings: Oppenheimer reduced Varex Imaging's price target from $23 to $18 while keeping an Outperform rating, and Evercore ISI Group cut Home Depot's target from $450 to $425 but maintained an Outperform rating.
Other Notable Changes: HC Wainwright & Co. lowered LifeMD's target from $13 to $9 while keeping a Buy rating, and UBS cut Aecom's target from $153 to $148 while maintaining a Buy rating.
