ResMed Earnings Preview
While ResMed (NYS: RMD) missed estimates last quarter, investors hope that it will bounce back and outpace Wall Street expectations this quarter. The company will unveil its latest earnings Thursday. ResMed is a developer, manufacturer, and distributor of medical equipment for treating, diagnosing, and managing sleep-disordered breathing and other respiratory disorders.
What analysts say:
- Buy, sell, or hold?: The majority of analysts back ResMed as a buy. But with 61.5% of analysts rating it a buy, ResMed is still below the mean analyst rating of its nearest nine competitors, which average 64.4% buys. Analysts like ResMed better than competitor CareFusion overall. Six out of 12 analysts rate CareFusion a buy compared with eight of 13 for ResMed. While analysts still rate the stock a moderate buy, they are a little more optimistic about it compared with three months ago.
- Revenue Forecasts: On average, analysts predict $334.8 million in revenue this quarter. That would represent a rise of 14.8% from the year-ago quarter.
- Wall Street Earnings Expectations: The average analyst estimate is earnings of $0.36 per share. Estimates range from $0.34 to $0.38.
What our community says:
CAPS All-Stars are solidly behind the stock with 98.4% granting it an "outperform" rating. The community at large concurs with the All-Stars with 93.5% awarding it a rating of "outperform." Fools are keen on ResMed, though the message boards have been quiet lately with only 73 posts in the past 30 days. Even with a robust four out of five stars, ResMed's CAPS rating falls a little short of the community's upbeat outlook.
ResMed's profit has risen year over year by an average of 22.1%.
For all our ResMed-specific analysis, including earnings and beyond, add ResMed to My Watchlist.
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At the time this article was published
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