What to Expect From Meridian Bioscience

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Meridian Bioscience (NAS: VIVO) is expected to report Q3 earnings on Thursday. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Meridian Bioscience's revenues will expand 16.3% and EPS will grow 29.4%.

The average estimate for revenue is $46.6 million. On the bottom line, the average EPS estimate is $0.22.


Revenue details
Last quarter, Meridian Bioscience tallied revenue of $47.4 million. GAAP reported sales were 16% higher than the prior-year quarter's $41.1 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, EPS came in at $0.23. GAAP EPS of $0.23 for Q2 were 28% higher than the prior-year quarter's $0.18 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 62.7%, 50 basis points worse than the prior-year quarter. Operating margin was 31.7%, 200 basis points better than the prior-year quarter. Net margin was 20.3%, 260 basis points better than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $182.5 million. The average EPS estimate is $0.85.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 469 members rating the stock outperform and 12 members rating it underperform. Among 110 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 107 give Meridian Bioscience a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Meridian Bioscience is hold, with an average price target of $20.

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The article What to Expect From Meridian Bioscience originally appeared on Fool.com.

Seth Jaysonhad no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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