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Boston Scientific (BSX) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
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Boston Scientific (BSX - Free Report) reported $3.39 billion in revenue for the quarter ended March 2023, representing a year-over-year increase of 12%. EPS of $0.47 for the same period compares to $0.39 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $3.15 billion, representing a surprise of +7.61%. The company delivered an EPS surprise of +9.30%, with the consensus EPS estimate being $0.43.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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:
Net sales- Cardiovascular - Interventional Cardiology Therapies - United States: $183 million versus the three-analyst average estimate of $188.09 million.
Net sales- Cardiovascular - Cardiac Rhythm Management - U.S: $345 million versus the three-analyst average estimate of $322.45 million.
Net sales- Cardiovascular - Peripheral Interventions - United States: $275 million versus $266.30 million estimated by three analysts on average.
Net sales- Cardiovascular - Peripheral Interventions - International: $229 million versus $212.99 million estimated by three analysts on average.
Net sales- Cardiovascular - Worldwide: $2.11 billion compared to the $1.94 billion average estimate based on seven analysts. The reported number represents a change of +12.7% year over year.
Net sales- MedSurg - Worldwide: $1.28 billion versus the six-analyst average estimate of $1.21 billion. The reported number represents a year-over-year change of +11%.
Net sales- MedSurg - Urology - Worldwide: $469 million compared to the $442.23 million average estimate based on six analysts. The reported number represents a change of +13.6% year over year.
Net sales- Cardiovascular - Peripheral Interventions - Worldwide: $503 million versus the six-analyst average estimate of $479.30 million. The reported number represents a year-over-year change of +8.2%.
Net sales- MedSurg - Endoscopy - Worldwide: $577 million compared to the $550.83 million average estimate based on six analysts. The reported number represents a change of +8.7% year over year.
Net sales- MedSurg - Neuromodulation - Worldwide: $234 million compared to the $213.22 million average estimate based on six analysts. The reported number represents a change of +12% year over year.
Net sales- Cardiovascular- Cardiology - Worldwide: $1.61 billion versus $1.46 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +195.2% change.
Net sales- Cardiovascular - Interventional Cardiology Therapies - Worldwide: $591 million versus the five-analyst average estimate of $541.16 million.
Shares of Boston Scientific have returned +5.2% over the past month versus the Zacks S&P 500 composite's +2.6% 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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Boston Scientific (BSX) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
Boston Scientific (BSX - Free Report) reported $3.39 billion in revenue for the quarter ended March 2023, representing a year-over-year increase of 12%. EPS of $0.47 for the same period compares to $0.39 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $3.15 billion, representing a surprise of +7.61%. The company delivered an EPS surprise of +9.30%, with the consensus EPS estimate being $0.43.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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:
- Net sales- Cardiovascular - Interventional Cardiology Therapies - United States: $183 million versus the three-analyst average estimate of $188.09 million.
- Net sales- Cardiovascular - Cardiac Rhythm Management - U.S: $345 million versus the three-analyst average estimate of $322.45 million.
- Net sales- Cardiovascular - Peripheral Interventions - United States: $275 million versus $266.30 million estimated by three analysts on average.
- Net sales- Cardiovascular - Peripheral Interventions - International: $229 million versus $212.99 million estimated by three analysts on average.
- Net sales- Cardiovascular - Worldwide: $2.11 billion compared to the $1.94 billion average estimate based on seven analysts. The reported number represents a change of +12.7% year over year.
- Net sales- MedSurg - Worldwide: $1.28 billion versus the six-analyst average estimate of $1.21 billion. The reported number represents a year-over-year change of +11%.
- Net sales- MedSurg - Urology - Worldwide: $469 million compared to the $442.23 million average estimate based on six analysts. The reported number represents a change of +13.6% year over year.
- Net sales- Cardiovascular - Peripheral Interventions - Worldwide: $503 million versus the six-analyst average estimate of $479.30 million. The reported number represents a year-over-year change of +8.2%.
- Net sales- MedSurg - Endoscopy - Worldwide: $577 million compared to the $550.83 million average estimate based on six analysts. The reported number represents a change of +8.7% year over year.
- Net sales- MedSurg - Neuromodulation - Worldwide: $234 million compared to the $213.22 million average estimate based on six analysts. The reported number represents a change of +12% year over year.
- Net sales- Cardiovascular- Cardiology - Worldwide: $1.61 billion versus $1.46 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +195.2% change.
- Net sales- Cardiovascular - Interventional Cardiology Therapies - Worldwide: $591 million versus the five-analyst average estimate of $541.16 million.
View all Key Company Metrics for Boston Scientific here>>>Shares of Boston Scientific have returned +5.2% over the past month versus the Zacks S&P 500 composite's +2.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.