The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Boston Scientific beat expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank slightly and GAAP earnings per share shrank significantly.
Gross margins grew, operating margins expanded, net margins dropped.
Boston Scientific booked revenue of $1.82 billion. The 22 analysts polled by S&P Capital IQ looked for a top line of $1.76 billion on the same basis. GAAP reported sales were 1.5% lower than the prior-year quarter's $1.85 billion.
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 $0.11. The 23 earnings estimates compiled by S&P Capital IQ forecast $0.11 per share. GAAP EPS of $0.04 for Q4 were 43% lower than the prior-year quarter's $0.07 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 66.4%, 340 basis points better than the prior-year quarter. Operating margin was 12.7%, 100 basis points better than the prior-year quarter. Net margin was 3.3%, 250 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.79 billion. On the bottom line, the average EPS estimate is $0.10.
Next year's average estimate for revenue is $7.12 billion. The average EPS estimate is $0.43.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 749 members out of 934 rating the stock outperform, and 185 members rating it underperform. Among 185 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 164 give Boston Scientific a green thumbs-up, and 21 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 $6.38.
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