Boston Scientific: The Market's Newest Mega-Cap Needs A Breather [Seeking Alpha]
Boston Scientific Corporation (BSX)
Last boston scientific corporation earnings: 4/29 06:30 am
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US:NYSE Investor Relations:
investors.bostonscientific.com
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Source: Seeking Alpha
That being said, the issue here is that the guidance for 2024 isn't necessarily impressive. We can point to the gross margin, which appears to have plateaued even with the recent new product launches, as well as the outlook for softer free cash flow generation this year as suggesting trends are normalizing compared to an exceptional 2023. With the stock already up 18% year-to-date, it's going to take something special over the next few quarters for BSX to sustain the recent bullish momentum. We're skeptical on that point. Simply put, this outlook for sales growth to average just under 10% through fiscal 2026 may not be good enough to support a significantly higher growth premium compared to the current 30x forward P/E. We note that outside of Edwards Lifesciences Corp. ( EW ), BSX trades at a premium to major competitors like Medtronic plc ( MDT ), Stryker Corp. ( SYK ), and Abbott Laboratories ( ABT ) across most valuation multiples. With an understanding that any comparison
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News
- Becton Dickinson lifts profit view on strong surgical equipment demand [Yahoo! Finance]Yahoo! Finance
- Teleflex beats quarterly profit estimates on healthy demand for medical devices [Yahoo! Finance]Yahoo! Finance
- Boston Scientific Announces Upcoming Investor Conference Schedule [Yahoo! Finance]Yahoo! Finance
- Catheter Precision, Inc. (NYSE-American: VTAK) Announces New Chief Commercial Officer [Yahoo! Finance]Yahoo! Finance
- Boston Scientific Announces Upcoming Investor Conference SchedulePR Newswire
BSX
Earnings
- 4/24/24 - Miss
BSX
Sec Filings
- 5/1/24 - Form 144
- 5/1/24 - Form 10-Q
- 5/1/24 - Form 144
- BSX's page on the SEC website