St. Jude Medical (NYSE: 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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