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What to Expect from Merit Medical Systems

By Seth Jayson - Updated Apr 10, 2017 at 1:45PM

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Checking expectations

Merit Medical Systems (Nasdaq: MMSI) is expected to report Q1 earnings on April 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 Merit Medical Systems's revenues will expand 14.2% and EPS will wane 0.0%.

The average estimate for revenue is $109.2 million. On the bottom line, the average EPS estimate is $0.14.

Revenue details
Last quarter, Merit Medical Systems chalked up revenue of $102.2 million. GAAP reported sales were 12% higher than the prior-year quarter's $91.1 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at $0.15. GAAP EPS of $0.01 for Q4 were 91% lower 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.

Recent performance
For the preceding quarter, gross margin was 45.3%, 180 basis points worse than the prior-year quarter. Operating margin was 7.7%, 200 basis points worse than the prior-year quarter. Net margin was 0.6%, 490 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $461.1 million. The average EPS estimate is $0.64.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 83 members out of 88 rating the stock outperform, and five members rating it underperform. Among 23 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 23 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 $15.83.

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Stocks Mentioned

Merit Medical Systems, Inc. Stock Quote
Merit Medical Systems, Inc.
MMSI
$60.79 (2.88%) $1.70

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