Merit Medical Systems Earnings: Everything You Must Know Now

Merit Medical Systems, Inc. (NASDAQ:MMSI) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

Merit Medical Systems, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 28.57% to $0.15 in the quarter versus EPS of $0.21 in the year-earlier quarter.

Revenue: Rose 9.29% to $109.87 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Merit Medical Systems, Inc. reported adjusted EPS income of $0.15 per share. By that measure, the company beat the mean analyst estimate of $0.13. It missed the average revenue estimate of $112.51 million.

Quoting Management: “The second quarter of 2013 was evidence of our plan for performance and profit improvement,” said Fred P. Lampropoulos, Merit’s Chairman and Chief Executive Officer. “During the quarter we started up our new advanced manufacturing facility and consolidated our former facility in Murray, Utah onto our South Jordan campus. Although we anticipate that some ongoing expenses and start-up costs will continue during the third quarter of 2013, we came in below cost estimates and five weeks ahead of our scheduled plan.”

Key Stats (on next page)…

EPS increased 50% from $0.10 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.14 to a profit $0.13. For the current year, the average estimate has moved down from a profit of $0.54 to a profit of $0.51 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

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