Merit Medical Systems's Earnings Beat Last Year's by 54%
Merit Medical Systems (NAS: MMSI) reported earnings on Oct. 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Merit Medical Systems missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share expanded significantly.
Gross margins expanded, operating margins dropped, net margins grew.
Merit Medical Systems chalked up revenue of $95.9 million. The five analysts polled by S&P Capital IQ predicted revenue of $98.6 million on the same basis. GAAP reported sales were 6.0% higher than the prior-year quarter's $90.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.20. The five earnings estimates compiled by S&P Capital IQ forecast $0.16 per share. GAAP EPS of $0.17 for Q3 were 55% higher than the prior-year quarter's $0.11 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 47.3%, 190 basis points better than the prior-year quarter. Operating margin was 9.8%, 120 basis points worse than the prior-year quarter. Net margin was 7.5%, 250 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $101.4 million. On the bottom line, the average EPS estimate is $0.19.
Next year's average estimate for revenue is $396.1 million. The average EPS estimate is $0.74.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 87 members out of 92 rating the stock outperform, and five members rating it underperform. Among 24 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 24 give Merit Medical Systems a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Merit Medical Systems is outperform, with an average price target of $15.67.
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