Boston Scientific (NYSE: BSX ) is expected to report Q2 earnings on July 25. 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 Boston Scientific's revenues will compress -2.7% and EPS will contract -18.2%.
The average estimate for revenue is $1.78 billion. On the bottom line, the average EPS estimate is $0.09.
Last quarter, Boston Scientific recorded revenue of $1.76 billion. GAAP reported sales were 5.6% lower than the prior-year quarter's $1.87 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 $0.10. GAAP EPS were -$0.26 for Q1 against $0.08 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 64.8%, 100 basis points better than the prior-year quarter. Operating margin was 11.9%, 10 basis points worse than the prior-year quarter. Net margin was -20.1%, much worse than the prior-year quarter.
The full year's average estimate for revenue is $7.05 billion. The average EPS estimate is $0.41.
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 187 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 171 give Boston Scientific a green thumbs-up, and 16 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 $7.58.
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