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BMO Capital Highlights This Week's MedTech Earnings

DLTR, LFWD, XRAY, ATRC, GKOS, PODD, DXCM, STAA

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

Date Firm Action From To
May 2016 Goldman Sachs Upgrades Sell Neutral
Feb 2016 Jefferies Maintains Buy
Dec 2015 BTIG Research Initiates Coverage on Neutral

View More Analyst Ratings for HAE
View the Latest Analyst Ratings