Security and healthcare technology company OSI Systems (NASDAQ: OSIS) will be announcing earnings results this Thursday after the bell. Here’s what investors should know.
OSI Systems beat analysts’ revenue expectations last quarter, reporting revenues of $453.2 million, up 2% year on year. It was a mixed quarter for the company, with a beat of analysts’ EPS estimates but full-year EPS guidance in line with analysts’ estimates.
Is OSI Systems a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting OSI Systems’s revenue to grow 4.7% year on year, in line with the 5% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. OSI Systems has a history of exceeding Wall Street’s expectations.
Looking at OSI Systems’s peers in the specialized technology segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Arlo Technologies delivered year-on-year revenue growth of 20.5%, beating analysts’ expectations by 4.7%, and Zebra reported revenues up 20.4%, topping estimates by 3.9%. Arlo Technologies traded down 1.6% following the results while Zebra was up 26.5%.
Read our full analysis of Arlo Technologies’s results here and Zebra’s results here.
There has been positive sentiment among investors in the specialized technology segment, with share prices up 6% on average over the last month. OSI Systems is up 5.5% during the same time and is heading into earnings with an average analyst price target of $298.14 (compared to the current share price of $222.11).
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