Edwards Lifesciences Earnings: Here’s Why Investors are Buying Shares Now

Edwards Lifesciences Corp. (NYSE:EW) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.16%.

Edwards Lifesciences Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 22.39% to $0.82 in the quarter versus EPS of $0.67 in the year-earlier quarter.

Revenue: Rose 7.26% to $517 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Edwards Lifesciences Corp. reported adjusted EPS income of $0.82 per share. By that measure, the company beat the mean analyst estimate of $0.76. It beat the average revenue estimate of $514.68 million.

Quoting Management: “We are pleased to report solid second quarter results, driven by strong sales of transcatheter and surgical heart valves in both the U.S. and Europe,” said Michael A. Mussallem, chairman and CEO. “Our SAPIEN launch in the U.S. continues to be highlighted by very high procedural success rates and we are gratified to see this therapy changing the lives of so many patients. The growing body of positive clinical data reinforces our conviction that this technology offers a compelling treatment option for a large and growing patient population.”

Key Stats (on next page)…

Revenue increased 4.09% from $496.7 million in the previous quarter. EPS increased 13.89% from $0.72 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.71 to a profit $0.72. For the current year, the average estimate is a profit of $3.06, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)