The upcoming report from ResMed (RMD) is expected to reveal quarterly earnings of $2.68 per share, indicating an increase of 10.3% compared to the year-ago period. Analysts forecast revenues of $1.39 billion, representing an increase of 8.3% year over year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some ResMed metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts expect 'Global revenue- Total Sleep and Breathing Health' to come in at $1.20 billion. The estimate points to a change of +6.3% from the year-ago quarter.
Analysts forecast 'Global revenue- Total Devices' to reach $712.11 million. The estimate indicates a year-over-year change of +6.4%.
Based on the collective assessment of analysts, 'Global revenue- Total Masks and other' should arrive at $500.27 million. The estimate suggests a change of +9.6% year over year.
The consensus among analysts is that 'U.S., Canada, and Latin America- Devices' will reach $439.35 million. The estimate points to a change of +6% from the year-ago quarter.
Analysts' assessment points toward 'U.S., Canada, and Latin America- Masks and other' reaching $367.97 million. The estimate suggests a change of +10% year over year.
It is projected by analysts that the 'Combined Europe, Asia, and other markets- Total' will reach $405.06 million. The estimate indicates a year-over-year change of +7.6%.
The consensus estimate for 'Combined Europe, Asia, and other markets- Devices' stands at $272.76 million. The estimate suggests a change of +7.1% year over year.
According to the collective judgment of analysts, 'Combined Europe, Asia, and other markets- Masks and other' should come in at $132.30 million. The estimate indicates a change of +8.6% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'U.S., Canada, and Latin America- Total' of $807.32 million. The estimate points to a change of +7.8% from the year-ago quarter.
View all Key Company Metrics for ResMed here>>>
Shares of ResMed have demonstrated returns of +5.2% over the past month compared to the Zacks S&P 500 composite's +0.4% change. With a Zacks Rank #2 (Buy), RMD is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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ResMed Inc. (RMD): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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