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Earnings To Watch: Integer Holdings (ITGR) Reports Q3 Results Tomorrow

ITGR Cover Image

Medical technology company Integer Holdings (NYSE: ITGR) will be reporting results this Thursday before market hours. Here’s what investors should know.

Integer Holdings beat analysts’ revenue expectations by 2.6% last quarter, reporting revenues of $476.5 million, up 11.4% year on year. It was a strong quarter for the company, with a solid beat of analysts’ organic revenue estimates and an impressive beat of analysts’ revenue estimates.

Is Integer Holdings a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Integer Holdings’s revenue to grow 8.1% year on year to $466.4 million, in line with the 8.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.68 per share.

Integer Holdings Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Integer Holdings has missed Wall Street’s revenue estimates four times over the last two years.

Looking at Integer Holdings’s peers in the healthcare equipment and supplies segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Intuitive Surgical delivered year-on-year revenue growth of 22.9%, beating analysts’ expectations by 3.9%, and Neogen reported a revenue decline of 3.6%, topping estimates by 2.6%. Neogen traded up 3.7% following the results.

Read our full analysis of Intuitive Surgical’s results here and Neogen’s results here.

There has been positive sentiment among investors in the healthcare equipment and supplies segment, with share prices up 5.3% on average over the last month. Integer Holdings is up 4.1% during the same time and is heading into earnings with an average analyst price target of $137.38 (compared to the current share price of $107.94).

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