A Preview Of Merit Medical Systems's Earnings
Portfolio Pulse from Benzinga Insights
Merit Medical Systems (NASDAQ:MMSI) is expected to report an EPS of $0.76 in its upcoming quarterly earnings on 2024-02-28. Analysts and investors are looking for an earnings beat and positive guidance for future growth. The company's past earnings performance shows a pattern of beating EPS estimates, leading to significant share price movements. Shares are currently trading at $79.78, with a 15.3% increase over the last 52 weeks, indicating a bullish sentiment among long-term shareholders.
February 27, 2024 | 3:02 pm
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POSITIVE IMPACT
Merit Medical Systems is anticipated to report a Q4 EPS of $0.76, with a focus on beating this estimate and providing positive future guidance. Historical performance indicates a positive reaction to earnings beats. Shares have risen 15.3% over the past year, reflecting a bullish sentiment.
Merit Medical Systems has a history of beating EPS estimates, which has previously resulted in positive share price movements. The expected EPS of $0.76, if beaten, along with positive guidance, could lead to a continuation of the bullish trend observed over the past year. The company's past performance and the current share price trend suggest a high relevance and importance of the upcoming earnings report to investors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100