Fool Cheat Sheet: Boston Scientific Earnings
Boston Scientific (NYS: BSX) reported earnings today. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Boston Scientific missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share dropped significantly.
Margins shrank across the board.
Boston Scientific reported revenue of $1.85 billion. The 23 analysts polled by S&P Capital IQ anticipated revenue of $1.91 billion. Sales were 7.7% lower than the prior-year quarter's $2.00 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $0.08. The 25 earnings estimates compiled by S&P Capital IQ forecast $0.08 per share on the same basis. GAAP EPS of $0.07 for Q4 were 56% lower than the prior-year quarter's $0.16 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 62.5%, 320 basis points worse than the prior-year quarter. Operating margin was 11.3%, 260 basis points worse than the prior-year quarter. Net margin was 5.8%, 600 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.90 billion. On the bottom line, the average EPS estimate is $0.11.
Next year's average estimate for revenue is $7.63 billion. The average EPS estimate is $0.46.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 746 members rating the stock outperform, and 186 members rating it underperform. Among CAPS All-Stars (recommendations by the highest-ranked CAPS members), 181 give Boston Scientific a green thumbs-up, and 17 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Boston Scientific is hold, with an average price target of $6.93.
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At the time this article was published 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. 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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