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Edwards Lifesciences (EW) Reports Q3 Earnings: What Key Metrics Have to Say
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For the quarter ended September 2023, Edwards Lifesciences (EW - Free Report) reported revenue of $1.48 billion, up 12.3% over the same period last year. EPS came in at $0.59, compared to $0.61 in the year-ago quarter.
The reported revenue represents a surprise of -0.07% over the Zacks Consensus Estimate of $1.48 billion. With the consensus EPS estimate being $0.59, the company has not delivered EPS surprise.
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.
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 Edwards Lifesciences performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- International(Outside of the United States): $611 million compared to the $618.23 million average estimate based on three analysts. The reported number represents a change of +14.8% year over year.
Net Sales- United States: $869.90 million compared to the $862.63 million average estimate based on three analysts. The reported number represents a change of +10.6% year over year.
Net Sales- Japan: $108.40 million versus the two-analyst average estimate of $119.84 million. The reported number represents a year-over-year change of +4.1%.
Net Sales- Europe: $322.30 million versus the two-analyst average estimate of $293.29 million. The reported number represents a year-over-year change of +19.3%.
Net Sales- Rest of World: $180.30 million compared to the $215.43 million average estimate based on two analysts. The reported number represents a change of +14.1% year over year.
Net Sales- Transcatheter Mitral and Tricuspid Therapies: $52.40 million versus $47.98 million estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a +76.4% change.
Net Sales- Critical Care: $221 million versus the nine-analyst average estimate of $223.36 million. The reported number represents a year-over-year change of +6.6%.
Net Sales- Surgical Structural Heart: $246.60 million versus the nine-analyst average estimate of $240.16 million. The reported number represents a year-over-year change of +12.2%.
Net Sales- Transcatheter Aortic Valve Replacement: $960.90 million versus the nine-analyst average estimate of $969.38 million. The reported number represents a year-over-year change of +11.4%.
Shares of Edwards Lifesciences have returned +0.2% over the past month versus the Zacks S&P 500 composite's -1.6% 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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Edwards Lifesciences (EW) Reports Q3 Earnings: What Key Metrics Have to Say
For the quarter ended September 2023, Edwards Lifesciences (EW - Free Report) reported revenue of $1.48 billion, up 12.3% over the same period last year. EPS came in at $0.59, compared to $0.61 in the year-ago quarter.
The reported revenue represents a surprise of -0.07% over the Zacks Consensus Estimate of $1.48 billion. With the consensus EPS estimate being $0.59, the company has not delivered EPS surprise.
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.
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 Edwards Lifesciences performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- International(Outside of the United States): $611 million compared to the $618.23 million average estimate based on three analysts. The reported number represents a change of +14.8% year over year.
- Net Sales- United States: $869.90 million compared to the $862.63 million average estimate based on three analysts. The reported number represents a change of +10.6% year over year.
- Net Sales- Japan: $108.40 million versus the two-analyst average estimate of $119.84 million. The reported number represents a year-over-year change of +4.1%.
- Net Sales- Europe: $322.30 million versus the two-analyst average estimate of $293.29 million. The reported number represents a year-over-year change of +19.3%.
- Net Sales- Rest of World: $180.30 million compared to the $215.43 million average estimate based on two analysts. The reported number represents a change of +14.1% year over year.
- Net Sales- Transcatheter Mitral and Tricuspid Therapies: $52.40 million versus $47.98 million estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a +76.4% change.
- Net Sales- Critical Care: $221 million versus the nine-analyst average estimate of $223.36 million. The reported number represents a year-over-year change of +6.6%.
- Net Sales- Surgical Structural Heart: $246.60 million versus the nine-analyst average estimate of $240.16 million. The reported number represents a year-over-year change of +12.2%.
- Net Sales- Transcatheter Aortic Valve Replacement: $960.90 million versus the nine-analyst average estimate of $969.38 million. The reported number represents a year-over-year change of +11.4%.
View all Key Company Metrics for Edwards Lifesciences here>>>Shares of Edwards Lifesciences have returned +0.2% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.