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Market Overview

Earnings Outlook for Cantel Medical

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Cantel Medical (NYSE:CMD) announces its next round of earnings this Tuesday, March 09. Here is Benzinga's everything-that-matters guide for this Tuesday's Q2 earnings announcement.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Sell-side analysts expect Cantel Medical's EPS to be near $0.5 on sales of $276.63 million. Cantel Medical EPS in the same period a year ago totaled $0.61. Revenue was $288.50 million.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

If the company were to match the consensus estimate when it reports Tuesday, earnings would be down 18.03%. Sales would be down 4.11% from the year-ago period. Here is how the company's EPS has stacked up against analyst estimates in the past:

Quarter Q1 2020 Q4 2020 Q3 2020 Q2 2020
EPS Estimate 0.37 -0.01 0.37 0.67
EPS Actual 0.90 0.24 0.16 0.61
Revenue Estimate 279.83 M 223.64 M 242.63 M 290.45 M
Revenue Actual 297.03 M 233.37 M 236.93 M 288.50 M

Stock Performance

Shares of Cantel Medical were trading at $75.14 as of March 05. Over the last 52-week period, shares are up 44.59%. Given that these returns are generally positive, long-term shareholders are probably happy going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Cantel Medical is scheduled to hold the call at 08:30:00 ET and can be accessed here.

 

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Posted-In: BZI-EPEarnings