Zacks Investment Research | Mar 04, 2020 06:30AM ET
Avanos Medical, Inc. (NYSE:AVNS) is likely to gain from a solid fourth-quarter show, while sluggishness in the Acute Pain business is a concern.
Shares of this company have declined 34.6% against the industry ’s 0.9% rise in a year’s time. The current level also compares unfavorably with the S&P 500 index’s 9.6% rise over the same time frame.
This $1.56-billion medical technology company currently has a Zacks Rank #3 (Hold). Avanos’ earnings are expected to grow 13.3% in the first quarter of 2020. Also, the company has a trailing four-quarter positive earnings surprise of 0.1%, on average.
Let’s take a closer look at the factors that are working in favor of the company right now.
Q4 Earnings & Positive Developments
Avanos reported adjusted earnings per share (EPS) of 34 cents in fourth-quarter 2019, which rose by a penny year over year.
Revenues totaled $189.8 million, up 11.7% on a year-over-year basis.
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