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Bioventus Q3 revenue rises 3% but misses estimates

By Reuters News


Overview

  • US medtech firm's Q3 revenue rose 3% but missed analyst expectations

  • Adjusted EBITDA for Q3 grew 7% to $28.4 mln, driven by higher revenue and cost management

  • Company continues to review potential strategic alternatives, as previously disclosed


Outlook

  • Bioventus updates 2026 net sales guidance to $590 mln-$595 mln, growth of about 4%-5%

  • Company reaffirms 2026 adjusted EPS guidance of $0.75-$0.79 per diluted share

  • Bioventus sees 2026 adjusted cash from operations at $84 mln-$89 mln


Result Drivers

  • PAIN TREATMENTS GROWTH - Revenue rose 6.2% in Pain Treatments, led by strong volume growth in hyaluronic acid therapy products, PRP system, and PNS products

  • DISCIPLINED COST MANAGEMENT - Adjusted EBITDA advanced due to higher revenue and disciplined cost management, partially offset by increased investments

  • RESTORATIVE THERAPIES DECLINE - Revenue in Restorative Therapies fell 3.4% due to lower volume for the EXOGEN Bone Stimulation System


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

Miss

$142.40 mln

$149.46 mln (5 Analysts)

Q3 Adjusted EBITDA

$28.40 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the medical equipment, supplies & distribution peer group is "buy"

  • Wall Street's median 12-month price target for Bioventus Inc. is $18.00, about 35.1% above its October 30 closing price of $13.33

  • The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 15 three months ago


Reuters Recommended Reads

  • Nov 2 - Denmark medical devices maker Coloplast's Q4 revenue rises

  • Nov 2 - IDEXX Laboratories Q3 revenue beats estimates, lifts FY profit outlook

  • Nov 2 - IDEXX raises forecast, betting diagnostics can offset weak vet visits


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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