LivaNova PLC reports results for the quarter ended June 30 - Earnings Summary

• LivaNova PLC LIVN reported quarterly adjusted earnings of $1.05​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 93 cents. The mean expectation of nine analysts for the quarter was for earnings of 86 cents per share. Wall Street expected results to range from 82 cents to 92 cents per share.

• Revenue rose 10.6% to $352.50 million from a year ago; analysts expected $332.27 million.

• LivaNova PLC's reported EPS for the quarter was 50 cents​.

• The company reported quarterly net income of $27.2 million.

• LivaNova PLC shares had fallen by 5.4% this quarter and lost 8.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 7.2% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the medical equipment, supplies & distribution peer group is also "buy"

• Wall Street's median 12-month price target for LivaNova PLC is $58.00, about 26.5% above its last closing price of $42.61

This summary was machine generated from LSEG data August 6 at 01:32 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)