Surmodics: Q3 Earnings Insights

Surmodics SRDX reported its Q3 earnings results on Wednesday, July 27, 2022 at 07:30 AM.

Here's what investors need to know about the announcement.

Surmodics beat estimated earnings by 10.53%, reporting an EPS of $-0.34 versus an estimate of $-0.38.

Revenue was up $981 thousand from the same period last year.

Last quarter the company beat on EPS by $0.12 which was followed by a 0.4% drop in the share price the next day.

Here's a look at Surmodics's past performance:

Quarter	Q2 2022	Q1 2022	Q4 2021	Q3 2021
EPS Estimate	-0.34	-0.31	-0.25	-0.17
EPS Actual	-0.22	-0.13	-0.10	-0.17
Revenue Estimate	23.97M	23.71M	23.06M	23.31M
Revenue Actual	26.11M	23.00M	23.97M	23.87M

To track all earnings releases for Surmodics visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.