Are You Expecting This from Edwards Lifesciences?

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Edwards Lifesciences (NYS: EW) is expected to report Q3 earnings on Oct. 19. 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 Edwards Lifesciences's revenues will expand 8.6% and EPS will expand 47.4%.

The average estimate for revenue is $448.2 million. On the bottom line, the average EPS estimate is $0.56.


Revenue details
Last quarter, Edwards Lifesciences reported revenue of $482.0 million. GAAP reported sales were 12% higher than the prior-year quarter's $431.2 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, non-GAAP EPS came in at $0.67. GAAP EPS of $0.57 for Q2 were 19% higher than the prior-year quarter's $0.48 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 73.1%, 270 basis points better than the prior-year quarter. Operating margin was 19.9%, 240 basis points better than the prior-year quarter. Net margin was 14.1%, 60 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.89 billion. The average EPS estimate is $2.56.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 146 members out of 200 rating the stock outperform, and 54 members rating it underperform. Among 62 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 41 give Edwards Lifesciences a green thumbs-up, and 21 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Edwards Lifesciences is outperform, with an average price target of $97.11.

The article Are You Expecting This from Edwards Lifesciences? originally appeared on Fool.com.

Seth Jayson had 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. The Motley Fool has no positions in the stocks mentioned above. 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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