Back to top

Analyst Blog

We expect the leading medical devices provider AngioDynamics Inc. (ANGO - Analyst Report) to beat expectations when it reports fiscal 2014 first quarter results after the closing bell on Oct 10.

Why a Likely Positive Surprise?

Our proven model shows that AngioDynamics is likely to beat earnings estimates because it has the right combination of two key ingredients.

Positive Zacks ESP: Earnings ESP, the difference between the Most Accurate estimate of 4 cents and the Zacks Consensus Estimate of 3 cents, stands at +33.33%.

Zacks Rank #3 (Hold): ANGO currently retains a Zacks Rank #3 (Hold).

The combination of the stock’s Zacks Rank #3 (Hold) and +33.33% ESP makes us confident of a positive earnings beat on Oct 10.

What is Driving the Better than Expected Earnings?

AngioDynamics enjoys leading market share in several of its operating segments including angiographic products and thrombolytic catheters and products. The market served by ANGO is in excess of $1 billion, and continues to grow.

AngioDynamics has delivered solid earnings results in the fourth quarter of fiscal 2013. It has reported more than twofold year-over-year increase in adjusted earnings to 7 cents per share for the quarter, surpassing the Zacks Consensus Estimate by 2 cents. For fiscal 2013, adjusted earnings surged 66.7% to 35 cents per share and beat the Zacks Consensus Estimate by a penny

AngioDynamics expects fiscal 2014 revenues in the range of $346 million–$352 million, up 3% at the top range of the previous guidance. Adjusted earnings per share are expected in the range of 31 cents to 35 cents for the fiscal year, taking into account the impact from the medical device tax.

Other Stocks to Consider

AngioDynamics is not the only bullish company this earnings season. We also see likely earnings beats coming from the following industry peers:

DexCom Inc. (DXCM - Analyst Report): Earnings ESP of +15.39% and Zacks Rank #2 (Buy).

Sunshine Heart Inc. (SSH - Snapshot Report): Earnings ESP of +32.50% and Zacks Rank #3 (Hold).

Techne Corp. (TECH - Snapshot Report): Earnings ESP of +1.25% and Zacks Rank #3 (Hold).
 

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
PLANAR SYST… PLNR 4.44 +5.21%
BITAUTO HOL… BITA 81.71 +5.12%
CTPARTNERS… CTP 16.66 +4.26%
CHINA BIOLO… CBPO 47.91 +3.30%
MALLINCKROD… MNK 72.94 +2.85%