OSI Systems (OSIS) To Report Earnings Tomorrow: Here Is What To Expect

Electronic components and systems provider OSI Systems (NASDAQGS:OSIS) will be reporting results tomorrow before market open. Here’s what you need to know.

OSI Systems met analysts’ revenue expectations last quarter, reporting revenues of $405.4 million, up 33.8% year on year. It was a good quarter for the company, with a solid beat of analysts’ Security revenue estimates and a decent beat of analysts’ earnings estimates.

Is OSI Systems a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting OSI Systems’s revenue to grow 13.4% year on year to $467.2 million, slowing from the 22.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.79 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. OSI Systems has missed Wall Street’s revenue estimates three times over the last two years.

Looking at OSI Systems’s peers in the electrical systems segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Powell delivered year-on-year revenue growth of 49.8%, beating analysts’ expectations by 29.7%, and Allegion reported revenues up 5.8%, topping estimates by 1.1%. Powell traded up 37.7% following the results while Allegion was also up 4.4%.

Read our full analysis of Powell’s results here and Allegion’s results here.

Stocks--especially those trading at higher multiples--had a strong end of 2023, but 2024 has seen periods of volatility. Mixed inflation signals have led to uncertainty around rate cuts, and while some of the electrical systems stocks have fared somewhat better, they have not been spared, with share prices down 5.6% on average over the last month. OSI Systems is down 4.7% during the same time and is heading into earnings with an average analyst price target of $166 (compared to the current share price of $142.91).

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