Can St. Jude Medical Beat These Numbers?
St. Jude Medical (NYS: STJ) is expected to report Q3 earnings around Oct. 17. 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 St. Jude Medical's revenues will wither -2.8% and EPS will expand 3.8%.
The average estimate for revenue is $1.34 billion. On the bottom line, the average EPS estimate is $0.81.
Last quarter, St. Jude Medical logged revenue of $1.41 billion. GAAP reported sales were 2.5% lower than the prior-year quarter's $1.45 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.88. GAAP EPS of $0.78 for Q2 were 8.3% higher than the prior-year quarter's $0.72 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 74.0%, 50 basis points worse than the prior-year quarter. Operating margin was 26.7%, 10 basis points worse than the prior-year quarter. Net margin was 17.3%, 60 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $5.57 billion. The average EPS estimate is $3.43.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on St. Jude Medical is outperform, with an average price target of $46.65.
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The article Can St. Jude Medical Beat These Numbers? 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 owns shares of St. Jude Medical. 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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