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Cardiovascular Systems Earnings Preview

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Don't be caught off-guard: Cardiovascular Systems (NASDAQ: CSII) releases its next round of earnings Wednesday. Want to skip the homework and get all the facts in one place? We thought so. Here is your everything-that-matters guide for Wednesday's Q3 earnings announcement after the bell.

Earnings and Revenue

Wall Street expects an earnings loss of 2 cents per share and sales around $55.7 million.

In the same quarter last year, Cardiovascular Systems reported earnings of 3 cents per share on revenue of $52.1 million. Revenue would be up 6.86 percent on a year-over-year basis. Here's how the company's reported EPS has compared to analyst estimates in the past:

 

Quarter Q2 2018 Q1 2018 Q4 2017 Q3 2017
EPS Estimate -0.04 -0.07 -0.05 -0.05
EPS Actual -0.01 -0.06 0.02 0.03

 

Stock Performance

Over the last 52-week period, shares are down 24.01 percent. Given that these returns are generally negative, long-term shareholders won't be happy going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Analyst estimates are adjusted lower for EPS and revenues over the past 90 days. The most common rating by analysts on Cardiovascular Systems stock is a Neutral. The strength of this rating has maintained conviction over the past three months.

Conference Call

Cardiovascular Systems is scheduled to hold a conference call at 4:45 p.m. ET and it can be accessed here: https://investors.csi360.com/events-and-presentations/events-calendar/default.aspx

Posted-In: Earnings News Previews Trading Ideas

 

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