Cooper (COO) To Report Q2 Earnings: What's In The Cards?
Zacks Investment Research | May 29, 2017 08:21AM ET
The Cooper Companies Inc. (NYSE:COO) is set to report second-quarter fiscal 2017 results after the market closes on Jun 1.
Cooper Companies has an impressive track of beating estimates in the trailing four quarters. In the last reported quarter, the company delivered a positive earnings surprise of 3.76%, bringing the four-quarter average to 3.30%. Let’s see how things are shaping up prior to this announcement.
Factors at Play
We believe that the growing presence of Cooper Companies in the fertility segment will drive top-line growth. The company’s focus on genetic testing will also continue to drive growth in our view. Cooper Companies is expected to maintain a leading position in the markets of speciality lenses with exclusive products like Bioinfinity, Clarity and silicone hydrogel lenses. Its growing presence in the women's healthcare market through accretive acquisitions is also a positive in our view.
In the last three months, Cooper Companies returned almost 9.23%, outperforming the Zacks categorized Medical/Dental-Supplies sub-industry’s gain of roughly 5.96%.
Of the major concerns, an unfavorable foreign exchange rate, intense competition and a volatile distributor base might dent the company’s results in the to-be reported quarter.
Overall activities of Cooper Companies during the second quarter were inadequate to win analysts’ confidence. As a result, the Zacks Consensus Estimate for the quarter fell to $2.25 from $2.27 per share in the last 90 days.
Cooper Companies, Inc. (The) Price and EPS Surprise
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