Medical device company LeMaitre Vascular (NASDAQ:LMAT) will be reporting results this Tuesday after market hours. Here’s what you need to know.
LeMaitre beat analysts’ revenue expectations last quarter, reporting revenues of $64.45 million, up 15.7% year on year. It was an exceptional quarter for the company, with a solid beat of analysts’ EPS guidance for next quarter estimates and a solid beat of analysts’ full-year EPS guidance estimates.
Is LeMaitre a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting LeMaitre’s revenue to grow 11.4% year on year, in line with the 12% increase it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. LeMaitre has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at LeMaitre’s peers in the healthcare equipment and supplies segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Intuitive Surgical delivered year-on-year revenue growth of 23%, beating analysts’ expectations by 5.8%, and Baxter reported revenues up 2.9%, topping estimates by 3.5%. Intuitive Surgical traded up 7.2% following the results while Baxter was also up 1.6%.
Read our full analysis of Intuitive Surgical’s results here and Baxter’s results here.
There has been positive sentiment among investors in the healthcare equipment and supplies segment, with share prices up 6% on average over the last month. LeMaitre’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $111.22 (compared to the current share price of $108.97).
ALSO WORTH WATCHING: Nvidia’s Quiet Partner. Nvidia’s chips cost a hundred grand. The connectors that make them work cost even more. One company makes them all.
Every AI server needs specialized infrastructure the chip companies don’t make. High-speed cables. Power connectors. Thermal sensors. This 90-year-old company built a monopoly on it. The AI boom just started. This stock is still flying under the radar. Claim The Stock Ticker Here for FREE.