Can Critical Care Aid Edwards Lifesciences (EW) Q4 Earnings?
Zacks Investment Research | Jan 23, 2020 09:06PM ET
Edwards Lifesciences Corporation (NYSE:EW) is slated to report fourth-quarter 2019 results on Jan 30, after market close. In the last reported quarter, the company’s earnings of $1.41 exceeded the Zacks Consensus Estimate by 15.6%. The trailing four-quarter earnings beat is 6.7%, on average.
Let's see how things are shaping up prior to this announcement.
Which Way Are Estimates Trending?
For the fourth quarter, the Zacks Consensus Estimate for earnings per share stands at $1.48, suggesting a rise of 26.5% from the year-ago reported figure. The same for revenues is pinned at $1.15 billion, indicating 17.8% growth from the prior-year reported number.
Key Catalysts
Critical Care
The fourth-quarter results are expected to reflect strength in the core Critical Care product group. The segment has been showing solid growth across all product categories and geographies over the last few quarters.
Management is optimistic about robust customer adoption of the HemoSphere all-in-one monitoring platform, particularly in the United States and Europe. As management had stated earlier, demand for the platform is expected to have driven the Critical Care group throughout 2019.
Edwards Lifesciences Corporation Price and EPS Surprise
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