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Haemonetics Q2 revenue and adjusted EPS beat expectations

By Reuters News


Overview

  • US medical technology firm's fiscal Q2 revenue beat analyst expectations

  • Adjusted EPS for fiscal Q2 beat analyst expectations


Outlook

  • Haemonetics raises FY27 reported revenue growth guidance to 8-11% from 5-8%

  • Company raises FY27 organic revenue growth guidance to 6-9% from 4-7%

  • Haemonetics lowers FY27 adjusted operating-margin expansion guidance to 0-50 bps from 50-100 bps

  • Company lifts FY27 free-cash-flow conversion guidance to more than 80% from about 80%


Result Drivers

  • GROSS-MARGIN EXPANSION – Tariff refunds, a higher-margin product mix and no fair-value inventory step-up lifted gross margin

  • PERSONNEL AND FREIGHT COSTS – Higher personnel-related costs and freight charges raised operating expenses

  • WORKING-CAPITAL TIMING – Favorable payment and collection timing increased operating cash flow; higher capital spending weighed on free cash flow


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

Beat

$357.80 mln

$345.003 mln (11 Analysts)

Q2 Adjusted EPS

Beat

$1.35

$1.29 (11 Analysts)


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 2 "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 Haemonetics Corp is $140.00, about 9.9% above its November 4 closing price of $127.42

  • The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 16 three months ago


Reuters Recommended Reads

  • Nov 4 - Zimmer Biomet Q3 sales beat estimates, raises FY outlook

  • Nov 4 - Procept Biorobotics Q3 revenue, adjusted EBITDA miss estimates

  • Nov 4 - Edwards Lifesciences Q3 sales beat on TMTT portfolio adoption


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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