VAREX IMAGING (VREX) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - VAREX IMAGING reported revenue of $199.8 million for the quarter ended December 2024, marking a year-over-year increase of 5.2% [1] - The earnings per share (EPS) for the same period was $0.07, compared to $0.06 a year ago, resulting in a EPS surprise of +75.00% against a consensus estimate of $0.04 [1] - The reported revenue fell short of the Zacks Consensus Estimate of $204.55 million by -2.32% [1] Revenue Breakdown - Industrial revenues were $55.20 million, below the two-analyst average estimate of $56.81 million, reflecting a year-over-year change of +10.2% [4] - Medical revenues totaled $144.60 million, also below the two-analyst average estimate of $147.75 million, with a year-over-year change of +3.4% [4] Profitability Metrics - Gross profit for Industrial was reported at $19 million, exceeding the average estimate of $18.51 million from two analysts [4] - Gross profit for Medical reached $49.50 million, surpassing the average estimate of $44.34 million from two analysts [4] Stock Performance - VAREX IMAGING shares have returned +5.2% over the past month, outperforming the Zacks S&P 500 composite's +2.1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]