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BMO Capital Highlights This Week's MedTech Earnings

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BMO Capital Highlights This Week's MedTech Earnings

Halfway through earnings season and analysts at BMO Capital Markets have noticed the following themes regarding MedTech companies:

  • Q2 has no clear theme of upward revisions, like what the market saw in Q1
  • Companies with large market cap have beat revenue, and virtually all have beaten EPS estimates also

In a note to investors, BMO highlighted earnings this week in MedTech, noting that they are now focusing more on small-cap names.

Monday, August 1

  • Haemonetics Corporation (NYSE: HAE): Reported pre-market, Q1 EPS $0.25 vs $0.29 estimated, revenues of $209.96 million vs. $205.24 million estimated
  • Glaukos Corp (NYSE: GKOS): After hours
  • Orthofix International NV (NASDAQ: OFIX): After hours

Related Link: Biogen, Ionis Reveal Nusinersen Meets Primary Endpoint At Interim Analysis Of Final Stage ENDEAR Trial

Tuesday

  • Mazor Robotics Ltd - ADR (NASDAQ: MZOR): Pre-market
  • Wright Medical Group Inc (NASDAQ: WMGI): After hours
  • Endologix, Inc. (NASDAQ: ELGX): After hours
  • DexCom, Inc. (NASDAQ: DXCM): After hours
  • Intersect ENT Inc (NASDAQ: XENT): After hours

Wednesday

  • Insulet Corporation (NASDAQ: PODD): After hours
  • STAAR Surgical Company (NASDAQ: STAA): After hours
  • Cardiovascular Systems Inc (NASDAQ: CSII): After hours
  • K2M Group Holdings Inc (NASDAQ: KTWO): After hours

Thursday

  • Becton Dickinson and Co (NYSE: BDX): Pre-market
  • Hill-Rom Holdings, Inc. (NYSE: HRC): Pre-market
  • Rewalk Robotics Ltd (NASDAQ: RWLK): Pre-market
  • DENTSPLY SIRONA Inc (NASDAQ: XRAY): Pre-market
  • AtriCure Inc. (NASDAQ: ATRC): After hours

BMO expects fundamental to be in the spotlight as the remainder of earnings season unfolds.

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Latest Ratings for HAE

DateFirmActionFromTo
Jul 2020Morgan StanleyMaintainsOverweight
Jul 2020Raymond JamesMaintainsOutperform
May 2020Raymond JamesMaintainsOutperform

View More Analyst Ratings for HAE
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