Teleflex (TFX) Q3 Earnings: What To Expect

Medical technology company Teleflex (NYSE:TFX) will be reporting results this Thursday morning. Here’s what to look for.

Teleflex beat analysts’ revenue expectations by 1.3% last quarter, reporting revenues of $780.9 million, up 2.3% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ full-year EPS guidance estimates and a beat of analysts’ EPS estimates.

Is Teleflex a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Teleflex’s revenue to grow 16.8% year on year to $892.5 million, improving from the 2.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.38 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Teleflex has missed Wall Street’s revenue estimates twice over the last two years.

Looking at Teleflex’s peers in the healthcare equipment and supplies segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Intuitive Surgical delivered year-on-year revenue growth of 22.9%, beating analysts’ expectations by 3%, and Integra LifeSciences reported revenues up 5.6%, falling short of estimates by 2.9%. Intuitive Surgical traded up 13.9% following the results while Integra LifeSciences was down 22.2%.

Read our full analysis of Intuitive Surgical’s results here and Integra LifeSciences’s results here.

Investors in the healthcare equipment and supplies segment have had steady hands going into earnings, with share prices flat over the last month. Teleflex is down 4.2% during the same time and is heading into earnings with an average analyst price target of $132.29 (compared to the current share price of $122.39).

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