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Unlocking Teleflex (TFX) International Revenues: Trends, Surprises, and Prospects
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Did you analyze how Teleflex (TFX - Free Report) fared in its international operations for the quarter ending March 2024? Given the widespread global presence of this medical equipment maker, scrutinizing the trends in international revenues becomes imperative to assess its financial strength and future growth possibilities.
In the modern, closely-knit global economic landscape, the capacity of a business to access foreign markets is often a key determinant of its financial well-being and growth path. Investors now place great importance on grasping the extent of a company's dependence on international markets, as it sheds light on the firm's earnings stability, its skill in leveraging various economic cycles and its broad growth potential.
Participation in global economies acts as a defense against economic difficulties at home and a pathway to more rapidly developing economies. However, it also comes with the complexities of dealing with fluctuating currencies, geopolitical risks and different market dynamics.
In our recent assessment of TFX's quarterly performance, we discovered notable trends in its overseas revenue sections, which are typically modeled and scrutinized by Wall Street analysts.
For the quarter, the company's total revenue amounted to $737.85 million, experiencing an increase of 3.8% year over year. Next, we'll explore the breakdown of TFX's international revenue to understand the importance of its overseas business operations.
A Look into TFX's International Revenue Streams
Of the total revenue, $159.6 million came from EMEA during the last fiscal quarter, accounting for 21.6%. This represented a surprise of +2.92% as analysts had expected the region to contribute $155.07 million to the total revenue. In comparison, the region contributed $152.4 million, or 19.7%, and $143.3 million, or 20.2%, to total revenue in the previous and year-ago quarters, respectively.
OEM (Original Equipment Manufacturer and Development Services) accounted for 11.9% of the company's total revenue during the quarter, translating to $87.7 million. Revenues from this region represented a surprise of +7.89%, with Wall Street analysts collectively expecting $81.29 million. When compared to the preceding quarter and the same quarter in the previous year, OEM (Original Equipment Manufacturer and Development Services) contributed $82.6 million (10.7%) and $77 million (10.8%) to the total revenue, respectively.
Asia generated $84.2 million in revenues for the company in the last quarter, constituting 11.4% of the total. This represented a surprise of +2.44% compared to the $82.19 million projected by Wall Street analysts. Comparatively, in the previous quarter, Asia accounted for $88.3 million (11.4%), and in the year-ago quarter, it contributed $78.7 million (11.1%) to the total revenue.
International Market Revenue Projections
Wall Street analysts expect Teleflex to report $773.32 million in total revenue for the current fiscal quarter, indicating an increase of 4% from the year-ago quarter. EMEA, OEM (Original Equipment Manufacturer and Development Services) and Asia are expected to contribute 20.5% ($158.73 million), 11.7% ($90.22 million) and 11.7% ($90.42 million) to the total revenue, respectively.
For the full year, the company is expected to generate $3.09 billion in total revenue, up 4% from the previous year. Revenues from EMEA, OEM (Original Equipment Manufacturer and Development Services) and Asia are expected to constitute 20.3% ($628.59 million), 11.4% ($351.71 million) and 11.7% ($361.46 million) of the total, respectively.
Concluding Remarks
Relying on international markets for revenues, Teleflex faces both prospects and perils. Thus, tracking the company's international revenue trends is essential for accurately projecting its future trajectory.
In a world where international interdependencies and geopolitical conflicts are ever-increasing, Wall Street analysts closely monitor these trends for companies having international presence to adjust their earnings forecasts. Of course, there are several other factors, including a company's standing within its home borders, that influence analysts' earnings forecasts.
At Zacks, a company's changing earnings outlook is given considerable attention due to its proven, strong influence on a stock's price performance in the near term. The connection here is straightforward and positive: when earnings estimates are revised upward, the stock price generally follows suit, increasing as well.
Our proprietary stock rating tool, the Zacks Rank, with its externally validated exceptional track record, harnesses the power of earnings estimate revisions to serve as a dependable measure for anticipating the short-term price trends of stocks.
A Look at Teleflex's Recent Stock Price Performance
Over the past month, the stock has seen a decline of 6.4% in its value, whereas the Zacks S&P 500 composite has posted a decrease of 1.6%. The Zacks Medical sector, Teleflex's industry group, has descended 1.4% over the identical span. In the past three months, there's been a decline of 19.5% in the company's stock price, against a rise of 3.8% in the S&P 500 index. The broader sector has declined by 0.9% during this interval.
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Unlocking Teleflex (TFX) International Revenues: Trends, Surprises, and Prospects
Did you analyze how Teleflex (TFX - Free Report) fared in its international operations for the quarter ending March 2024? Given the widespread global presence of this medical equipment maker, scrutinizing the trends in international revenues becomes imperative to assess its financial strength and future growth possibilities.
In the modern, closely-knit global economic landscape, the capacity of a business to access foreign markets is often a key determinant of its financial well-being and growth path. Investors now place great importance on grasping the extent of a company's dependence on international markets, as it sheds light on the firm's earnings stability, its skill in leveraging various economic cycles and its broad growth potential.
Participation in global economies acts as a defense against economic difficulties at home and a pathway to more rapidly developing economies. However, it also comes with the complexities of dealing with fluctuating currencies, geopolitical risks and different market dynamics.
In our recent assessment of TFX's quarterly performance, we discovered notable trends in its overseas revenue sections, which are typically modeled and scrutinized by Wall Street analysts.
For the quarter, the company's total revenue amounted to $737.85 million, experiencing an increase of 3.8% year over year. Next, we'll explore the breakdown of TFX's international revenue to understand the importance of its overseas business operations.
A Look into TFX's International Revenue Streams
Of the total revenue, $159.6 million came from EMEA during the last fiscal quarter, accounting for 21.6%. This represented a surprise of +2.92% as analysts had expected the region to contribute $155.07 million to the total revenue. In comparison, the region contributed $152.4 million, or 19.7%, and $143.3 million, or 20.2%, to total revenue in the previous and year-ago quarters, respectively.
OEM (Original Equipment Manufacturer and Development Services) accounted for 11.9% of the company's total revenue during the quarter, translating to $87.7 million. Revenues from this region represented a surprise of +7.89%, with Wall Street analysts collectively expecting $81.29 million. When compared to the preceding quarter and the same quarter in the previous year, OEM (Original Equipment Manufacturer and Development Services) contributed $82.6 million (10.7%) and $77 million (10.8%) to the total revenue, respectively.
Asia generated $84.2 million in revenues for the company in the last quarter, constituting 11.4% of the total. This represented a surprise of +2.44% compared to the $82.19 million projected by Wall Street analysts. Comparatively, in the previous quarter, Asia accounted for $88.3 million (11.4%), and in the year-ago quarter, it contributed $78.7 million (11.1%) to the total revenue.
International Market Revenue Projections
Wall Street analysts expect Teleflex to report $773.32 million in total revenue for the current fiscal quarter, indicating an increase of 4% from the year-ago quarter. EMEA, OEM (Original Equipment Manufacturer and Development Services) and Asia are expected to contribute 20.5% ($158.73 million), 11.7% ($90.22 million) and 11.7% ($90.42 million) to the total revenue, respectively.
For the full year, the company is expected to generate $3.09 billion in total revenue, up 4% from the previous year. Revenues from EMEA, OEM (Original Equipment Manufacturer and Development Services) and Asia are expected to constitute 20.3% ($628.59 million), 11.4% ($351.71 million) and 11.7% ($361.46 million) of the total, respectively.
Concluding Remarks
Relying on international markets for revenues, Teleflex faces both prospects and perils. Thus, tracking the company's international revenue trends is essential for accurately projecting its future trajectory.
In a world where international interdependencies and geopolitical conflicts are ever-increasing, Wall Street analysts closely monitor these trends for companies having international presence to adjust their earnings forecasts. Of course, there are several other factors, including a company's standing within its home borders, that influence analysts' earnings forecasts.
At Zacks, a company's changing earnings outlook is given considerable attention due to its proven, strong influence on a stock's price performance in the near term. The connection here is straightforward and positive: when earnings estimates are revised upward, the stock price generally follows suit, increasing as well.
Our proprietary stock rating tool, the Zacks Rank, with its externally validated exceptional track record, harnesses the power of earnings estimate revisions to serve as a dependable measure for anticipating the short-term price trends of stocks.
Teleflex currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
A Look at Teleflex's Recent Stock Price Performance
Over the past month, the stock has seen a decline of 6.4% in its value, whereas the Zacks S&P 500 composite has posted a decrease of 1.6%. The Zacks Medical sector, Teleflex's industry group, has descended 1.4% over the identical span. In the past three months, there's been a decline of 19.5% in the company's stock price, against a rise of 3.8% in the S&P 500 index. The broader sector has declined by 0.9% during this interval.