OSI Systems reports mixed Q4, issues weak FY27 sales guidance
OSI Systems reported Q4 adjusted EPS of $3.78, roughly in line with the $3.77 estimate, while revenue of almost $484.06 million missed expectations and the company issued FY27 revenue guidance of $1.875 billion to $1.93 billion.
OSI Systems Inc. (NASDAQ: OSIS ) on Thursday reported mixed fourth-quarter financial results and issued weak FY27 sales guidance.
OSI Systems reported fourth-quarter adjusted earnings of $3.78 per share, essentially in line with the $3.77 analyst estimate and up nearly 17% from $3.24 a year earlier.
Revenue told a weaker story, coming in at almost $484.06 million, well short of the $529.67 million analysts expected and down about 4% from approximately $504.99 million in the same quarter last year.
OSI Systems expects fiscal 2027 revenue of $1.875 billion to $1.93 billion, representing growth of 5% to 8.1%.
The company expects fiscal 2027 non-GAAP diluted EPS of $11.13 to $11.49, representing growth of 7.5% to 11%.
The company’s board approved an additional authorization to repurchase 1 million shares, bringing the total remaining authorization to 1,078,731 shares.
OSI Systems shares dipped 8.5% to trade at $199.53 on Friday.
These analysts made changes to their price targets on OSI Systems following earnings announcement.
Oppenheimer analyst Christopher Glynn maintained the stock with an Outperform rating and lowered the price target from $320 to $300.
B.
Riley Securities analyst Josh Nichols reiterated the stock with a Buy and lowered the price target from $320 to $265.
Considering buying OSIS stock? Here’s what analysts think: Photo via Shutterstock