Sotera Health Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St

November 06, 2024

Sotera Health (NASDAQ:SHC) Third Quarter 2024 Results

Key Financial Results

Revenue: US$285.5m (up 8.5% from 3Q 2023).
Net income: US$17.0m (up from US$13.7m loss in 3Q 2023).
Profit margin: 6.0% (up from net loss in 3Q 2023).
EPS: US$0.06 (up from US$0.049 loss in 3Q 2023).

earnings-and-revenue-growth — NasdaqGS:SHC Earnings and Revenue Growth November 6th 2024

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

Sotera Health Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) missed analyst estimates by 40%.

Looking ahead, revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Life Sciences industry in the US.

Performance of the American Life Sciences industry.

The company's shares are down 3.1% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Sotera Health (at least 1 which is significant), and understanding these should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.