Everything You Need To Know Ahead Of Earnings

Medical technology company Hologic (NASDAQ:HOLX) will be reporting results this Monday afternoon. Here’s what to expect.

Hologic beat analysts’ revenue expectations by 1.7% last quarter, reporting revenues of $1.02 billion, up 1.2% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EPS guidance for next quarter estimates and a decent beat of analysts’ revenue estimates.

Is Hologic a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Hologic’s revenue to grow 4.7% year on year to $1.03 billion, in line with the 4.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.10 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Hologic has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 1.1% on average.

Looking at Hologic’s peers in the healthcare equipment and supplies segment, some have already reported their Q3 results, giving us a hint as to what we can expect. GE HealthCare delivered year-on-year revenue growth of 5.8%, beating analysts’ expectations by 1.5%, and Intuitive Surgical reported revenues up 22.9%, topping estimates by 3%. GE HealthCare traded down 5.6% following the results while Intuitive Surgical was up 13.9%.

Read our full analysis of GE HealthCare’s results here and Intuitive Surgical’s results here.

Investors in the healthcare equipment and supplies segment have had steady hands going into earnings, with share prices flat over the last month. Hologic is up 8.4% during the same time and is heading into earnings with an average analyst price target of $75 (compared to the current share price of $73.92).

The biggest winners—Microsoft, Alphabet, Coca-Cola, Monster Beverage—were all riding powerful megatrends before Wall Street caught on. We’ve just identified an under-the-radar profitable growth stock positioned at the center of the AI boom. Get it FREE here before the crowd discovers it. GO HERE NOW.

StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.