Perrigo Company PLC reports results for the quarter ended September 30 - Earnings Summary

• Perrigo Company PLC PRGO.N reported quarterly adjusted earnings of 60 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 80 cents. The mean expectation of three analysts for the quarter was for earnings of 50 cents per share. Wall Street expected results to range from 47 cents to 52 cents per share.

• Revenue fell 5.2% to $988.60 million from a year ago; analysts expected $987.20 million.

• Perrigo Company PLC's reported EPS for the quarter was a loss of 20 cents​.

• The company reported a quarterly loss of $27.5 million.

• Perrigo Company PLC shares had risen by 6.4% this quarter and gained 12.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 7.5% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the pharmaceuticals peer group is "buy."

• Wall Street's median 12-month price target for Perrigo Company PLC is $16.50, about 4.8% above its last closing price of $15.70

This summary was machine generated from LSEG data November 4 at 02:31 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)