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Compared to Estimates, Merit Medical (MMSI) Q1 Earnings: A Look at Key Metrics
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Merit Medical (MMSI - Free Report) reported $297.57 million in revenue for the quarter ended March 2023, representing a year-over-year increase of 8%. EPS of $0.64 for the same period compares to $0.53 a year ago.
The reported revenue represents a surprise of +5.97% over the Zacks Consensus Estimate of $280.8 million. With the consensus EPS estimate being $0.55, the EPS surprise was +16.36%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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 Merit Medical performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Cardiovascular- Peripheral Intervention: $113.78 million compared to the $108.29 million average estimate based on four analysts. The reported number represents a change of +7.6% year over year.
Revenue- Cardiovascular- Cardiac Intervention: $85.33 million compared to the $84.42 million average estimate based on four analysts. The reported number represents a change of +4.7% year over year.
Revenue- Endoscopy: $9.59 million versus $8.45 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +13.1% change.
Revenue- Cardiovascular- OEM: $41.16 million compared to the $34.75 million average estimate based on four analysts. The reported number represents a change of +23.2% year over year.
Revenue- Cardiovascular: $287.98 million versus $272.31 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +7.9% change.
Revenue- Cardiovascular- Custom Procedural Solutions: $47.70 million compared to the $44.89 million average estimate based on four analysts. The reported number represents a change of +3.1% year over year.
Shares of Merit Medical have returned +8.1% over the past month versus the Zacks S&P 500 composite's +2.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Merit Medical (MMSI) Q1 Earnings: A Look at Key Metrics
Merit Medical (MMSI - Free Report) reported $297.57 million in revenue for the quarter ended March 2023, representing a year-over-year increase of 8%. EPS of $0.64 for the same period compares to $0.53 a year ago.
The reported revenue represents a surprise of +5.97% over the Zacks Consensus Estimate of $280.8 million. With the consensus EPS estimate being $0.55, the EPS surprise was +16.36%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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 Merit Medical performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Cardiovascular- Peripheral Intervention: $113.78 million compared to the $108.29 million average estimate based on four analysts. The reported number represents a change of +7.6% year over year.
- Revenue- Cardiovascular- Cardiac Intervention: $85.33 million compared to the $84.42 million average estimate based on four analysts. The reported number represents a change of +4.7% year over year.
- Revenue- Endoscopy: $9.59 million versus $8.45 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +13.1% change.
- Revenue- Cardiovascular- OEM: $41.16 million compared to the $34.75 million average estimate based on four analysts. The reported number represents a change of +23.2% year over year.
- Revenue- Cardiovascular: $287.98 million versus $272.31 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +7.9% change.
- Revenue- Cardiovascular- Custom Procedural Solutions: $47.70 million compared to the $44.89 million average estimate based on four analysts. The reported number represents a change of +3.1% year over year.
View all Key Company Metrics for Merit Medical here>>>Shares of Merit Medical have returned +8.1% over the past month versus the Zacks S&P 500 composite's +2.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.