Thursday, October 21, 2021

Boston Scientific Corporation [BSX] earnings preview: what to look & expect from their March quarter

Earnings from Boston Scientific Corporation [BSX] are scheduled on April 28, 2021, before the market opens. It is expected that the company will report strong earnings for the quarter ending Mar 2021.


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BSX Stock Earnings Outlook For The Current Quarter

The consensus estimates for the quarter suggest that the company would earn $0.31 per share on revenue of $2.62B. Taking a look at the future, the company is projected to report revenue of $2.76B at an earnings per share of $0.35 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 8.60% in revenue and 18.65% in earnings per share for the company.

BSX Stock Earnings Forecast For The Current Year


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For the full financial year, Boston Scientific Corporation [NYSE:BSX] is forecasted to generate revenue of $11.43B. The figure is about $1.52 billion above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $1.54 in 2021, which is $0.58 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 60.40% this year, 18.80% next year, and 11.22% annually over the next five years. With regard to sales, forecasts suggest an incline of 15.30% in current fiscal year and 8.60% over following year.

BSX Stock Price Performance

At the close of Tuesday’s session, Boston Scientific Corporation [NYSE:BSX] finished up 0.33% at $42.41. The stock’s highest single-day price was $42.76, and its lowest was $41.59. Its price rose 3.11% in the last five days. Since the beginning of the year, Boston Scientific Corporation’s shares are up nearly 17.97%. However, the share price is -1.23% below its one year high. The top price reached by the shares of the company was $42.94 on 04/23/21, while the 52-week low came on 01/12/21, when the shares were $34.58. In the past year, shares of the company have risen 14.62%. At 50 days, the moving average achieved is $39.27 while at 200 days, the moving average is $37.82. There were 8.37 million shares traded in the last session, down from 11.18 million in the previous session.

Boston Scientific Corporation [NYSE:BSX] Stock Valuation Metrics

Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 6.05 PS value ratio is reported for the last one year of reported earnings. This is above the average return 5.87 for the industry, which means BSX offers an unattractive investment opportunity than its competitors do.

BSX Share Price Support And Resistance Levels

Based on the daily chart, the immediate backing lies around the 42.41 level, and the violation of this level will cause a further drop to 41.75 level. At the upper end, 44.09 remains a key resistance. As the stock increases, it may find resistance at 43.42. In the 14-day chart, the Relative Strength Index standing at 73.40 suggests a technical overbought stance while the MACD standing at 1.58 indicates price will increase in the next trading period. Stochastic %K at 89.31% suggests selling the stock while Percent R indicator at 12.06% suggests bullish price movement.

How much is the short interest in Boston Scientific Corporation?

There have been a drop in short interest in the Boston Scientific Corporation Financial stock, with short interest down by -3.17 million shares to 17.78 million shares on Mar 14, 2021. According to data provided by Yahoo Finance, the short interest on Apr 14, 2021 stood at 14.61 million shares. This 17.83% increase suggests some bearish sentiment was experienced by the stock. Shorted shares accounted for just 1.03% of the overall float in the stock, while the stock’s days to cover moved to 2.29.

How do analysts view Boston Scientific Corporation?

In regard to the share price forecast for Boston Scientific Corporation stock, the analysts, as surveyed by FactSet, forecast the price to reach $44.00 in the next twelve months, representing almost an 3.61% growth from its recent price of $42.41. Among Boston Scientific Corporation stock projections, $52.00 is the highest analyst target for the stock, while $39.00 is the lowest. Despite this, 29 analysts who share their consensus rating for BSX in 2021 agree that the stock is a Buy.

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