Medical technology company Teleflex (NYSE:TFX) will be reporting earnings this Thursday morning. Here’s what investors should know.
Teleflex missed analysts’ revenue expectations last quarter, reporting revenues of $569 million, up 28.7% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ full-year EPS guidance estimates and a significant miss of analysts’ revenue estimates.
Is Teleflex 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 Teleflex’s revenue to grow 28.8% year on year, a reversal from the 43.8% decrease 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. Teleflex has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Teleflex’s peers in the surgical equipment & consumables - specialty 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 LeMaitre reported revenues up 11.2%, in line with consensus estimates. Intuitive Surgical traded up 7.2% following the results.
Read our full analysis of Intuitive Surgical’s results here and LeMaitre’s results here.
There has been positive sentiment among investors in the surgical equipment & consumables - specialty segment, with share prices up 6.5% on average over the last month. Teleflex is up 5% during the same time and is heading into earnings with an average analyst price target of $132.78 (compared to the current share price of $120.82).
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