What's in the Cards for Cantel Medical (CMD) in Q1 Earnings?
Cantel Medical Corp. CMD is scheduled to release first-quarter fiscal 2020 results on Dec 10, before the closing bell.
In the last reported quarter, the company delivered a positive earnings surprise of 3.3%. However, it has a negative earnings surprise of 0.4%, on average, in the trailing four quarters.
Fiscal Q1 Estimates
The Zacks Consensus Estimate for the company’s fiscal first-quarter earnings is pegged at 56 cents, suggesting a decline of 9.7% from the year-ago quarter. The same for revenues is pegged at $243.4 million, indicating growth of 7.9% from the year-ago reported figure.
Cantel Medical Corp. Price and EPS Surprise
Factors to Influence Fiscal Q1
Sustained low double-digit recurring revenue growth and solid demand for capital equipment is likely to get reflected in Cantel Medical’s fiscal first-quarter Medical segment sales.
Further, the buyout of Omnia S.p.A is likely to have driven sales growth at the company’s Dental segment in the fiscal first quarter.
Probable sales growth at the Medical and Dental segments is likely to have driven total revenues in the fiscal first quarter.
In the fiscal fourth quarter of 2019, the company announced the buyout of Hu-Friedy – a premier global dental instrumentation and instrument management system manufacturer – which has been completed in the fiscal first quarter. The buyout is likely to have strengthened Cantel Medical’s position as leading global provider of innovative infection prevention and reprocessing workflow solutions.
The transaction is estimated to contribute around 10% to Cantel Medical’s fiscal year 2020 earnings.
However, continued weakness in its Hemodialysis Water business and sale of its High Purity Water business in Canada earlier in 2019 is likely to have weighed on its Life Sciences segment.
What Our Quantitative Model Suggests
Per our proven model, the combination of a positive
Earnings ESP: Cantel Medical has an Earnings ESP of -0.90%. You can uncover the best stocks to buy or sell before they're reported with our
Zacks Rank: Cantel Medical carries a Zacks Rank #3.
Peer Releases
Here are three stocks that reported solid results for this earnings season.
Edwards Lifesciences Corporation
Thermo Fisher Scientific Inc.
ResMed Inc.
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