Steris PLC

STE: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$197.00	Cgpbx	Smvnyxxx

Steris' Sales Fall Short of Expectations in Q1; Maintaining FVE on Unchanged Long-Term Forecasts

Aaron Degagne

Aug 3, 2022

While narrow-moat Steris' results did not quite meet our expectations in the fiscal first quarter and also fell short of FactSet-aggregated consensus, this was not enough to move the needle on our $201 fair value estimate. The shares now look fairly valued.

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