12:17 PM EDT, 08/07/2024 (MT Newswires) -- OSI Systems ( OSIS ) is "well positioned" ahead of its fiscal Q4 financial results and is expected to guide to "solid" fiscal 2025 security segment growth, Oppenheimer said Wednesday.

The brokerage expects the company to report fiscal Q4 adjusted earnings of $2.80 per share on net sales of $465 million.

"We think some FY24 bookings have longer lead times presently, but OSIS retains capacity wherewithal for expedited projects and continues to win on the technology merits," Oppenheimer analysts Christopher Glynn and Patrick Schuchard said in a note.

"The ongoing XL-sized deployments, along with high-profile venues like Qatar FIFA World Cup and Paris Olympics, provide an expanding suite of reference wins, and we expect OSIS will guide to solid FY25 security segment growth."

Oppenheimer has an outperform rating and a $160 price target on the stock, which also remains its top small cap pick.

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