Omnicell First Quarter 2024 Earnings: Beats Expectations

Omnicell (NASDAQ:OMCL) First Quarter 2024 Results

Key Financial Results

• Revenue: US$246.2m (down 15% from 1Q 2023).
• Net loss: US$15.7m (loss widened by 4.5% from 1Q 2023).
• US$0.34 loss per share (further deteriorated from US$0.33 loss in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Omnicell Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 31%.

Looking ahead, revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Medical Equipment industry in the US.

Performance of the American Medical Equipment industry.

The company's shares are up 8.0% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Omnicell's balance sheet.

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