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Compared to Estimates, Boston Scientific (BSX) Q3 Earnings: A Look at Key Metrics
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For the quarter ended September 2023, Boston Scientific (BSX - Free Report) reported revenue of $3.53 billion, up 11.3% over the same period last year. EPS came in at $0.50, compared to $0.43 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3.47 billion, representing a surprise of +1.77%. The company delivered an EPS surprise of +4.17%, with the consensus EPS estimate being $0.48.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Boston Scientific performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Geographic Revenue- U.S. $2.10 billion versus $2.08 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +8.5% change.
Net Sales- Cardiovascular- Cardiac Rhythm Management- United States: $355 million versus the three-analyst average estimate of $347.05 million. The reported number represents a year-over-year change of +5%.
Net Sales- Cardiovascular- Peripheral Interventions- United States: $283 million versus the three-analyst average estimate of $286.67 million. The reported number represents a year-over-year change of +5.2%.
Net Sales- Cardiovascular- Peripheral Interventions- International: $255 million compared to the $240.39 million average estimate based on three analysts. The reported number represents a change of +21.4% year over year.
Net Sales- MedSurg- Worldwide: $1.34 billion compared to the $1.32 billion average estimate based on seven analysts. The reported number represents a change of +10.6% year over year.
Net Sales- Cardiovascular- Worldwide: $2.19 billion compared to the $2.14 billion average estimate based on seven analysts. The reported number represents a change of +11.6% year over year.
Net Sales- Cardiovascular- Cardiology- Worldwide: $1.65 billion versus the six-analyst average estimate of $1.62 billion. The reported number represents a year-over-year change of +11.4%.
Net Sales- Cardiovascular- Peripheral Interventions- Worldwide: $538 million compared to the $527.26 million average estimate based on six analysts. The reported number represents a change of +12.3% year over year.
Net Sales- MedSurg- Endoscopy- Worldwide: $629 million versus $618.67 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +12.5% change.
Net Sales- MedSurg- Neuromodulation- Worldwide: $229 million versus $236.29 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +3.6% change.
Net Sales- MedSurg- Urology- Worldwide: $483 million versus $470.01 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +11.6% change.
Net Sales- Cardiovascular- Watchman- Worldwide: $323 million versus $307.22 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +23.3% change.
Shares of Boston Scientific have returned -4.1% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Compared to Estimates, Boston Scientific (BSX) Q3 Earnings: A Look at Key Metrics
For the quarter ended September 2023, Boston Scientific (BSX - Free Report) reported revenue of $3.53 billion, up 11.3% over the same period last year. EPS came in at $0.50, compared to $0.43 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3.47 billion, representing a surprise of +1.77%. The company delivered an EPS surprise of +4.17%, with the consensus EPS estimate being $0.48.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Boston Scientific performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Geographic Revenue- U.S. $2.10 billion versus $2.08 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +8.5% change.
- Net Sales- Cardiovascular- Cardiac Rhythm Management- United States: $355 million versus the three-analyst average estimate of $347.05 million. The reported number represents a year-over-year change of +5%.
- Net Sales- Cardiovascular- Peripheral Interventions- United States: $283 million versus the three-analyst average estimate of $286.67 million. The reported number represents a year-over-year change of +5.2%.
- Net Sales- Cardiovascular- Peripheral Interventions- International: $255 million compared to the $240.39 million average estimate based on three analysts. The reported number represents a change of +21.4% year over year.
- Net Sales- MedSurg- Worldwide: $1.34 billion compared to the $1.32 billion average estimate based on seven analysts. The reported number represents a change of +10.6% year over year.
- Net Sales- Cardiovascular- Worldwide: $2.19 billion compared to the $2.14 billion average estimate based on seven analysts. The reported number represents a change of +11.6% year over year.
- Net Sales- Cardiovascular- Cardiology- Worldwide: $1.65 billion versus the six-analyst average estimate of $1.62 billion. The reported number represents a year-over-year change of +11.4%.
- Net Sales- Cardiovascular- Peripheral Interventions- Worldwide: $538 million compared to the $527.26 million average estimate based on six analysts. The reported number represents a change of +12.3% year over year.
- Net Sales- MedSurg- Endoscopy- Worldwide: $629 million versus $618.67 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +12.5% change.
- Net Sales- MedSurg- Neuromodulation- Worldwide: $229 million versus $236.29 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +3.6% change.
- Net Sales- MedSurg- Urology- Worldwide: $483 million versus $470.01 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +11.6% change.
- Net Sales- Cardiovascular- Watchman- Worldwide: $323 million versus $307.22 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +23.3% change.
View all Key Company Metrics for Boston Scientific here>>>Shares of Boston Scientific have returned -4.1% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.