Abiomed (ABMD) came out with quarterly earnings of $1.03 per share, beating the Zacks Consensus Estimate of $0.93 per share. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Ladies and … ZacksTrade and Zacks.com are separate companies. Each of the company logos represented herein are trademarks of Verizon Media; Microsoft Corporation; Nasdaq, Inc.; Dow Jones & Company; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc.At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors.
Outside the US revenue jumped 40% to $33 million, driven primarily by a 135% increase in Japan revenue. Earnings ESP: ABIOMED has an Earnings ESP of 0.00%. The company ended the fiscal second quarter with $551.3 million of cash and marketable securities.For fiscal 2020, ABIOMED maintains total revenue projection in the range of $885-$925 million, calling for an increase of 15-20% year over year. Earnings Whispers. The Zacks Consensus Estimate for the same stands at $892.7 million, within the projected range.ABIOMED exited the fiscal second quarter on a mixed note.
This compares to earnings of $0.81 per share a year ago.
Please note that all comments are pending until approved by our moderators. The company has not been able to beat consensus revenue estimates over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Abiomed shares have lost about 44.1% since the beginning of the year versus the S&P 500's gain of 21.5%.While Abiomed has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Says Iran Forces Boarded Tanker in International Waters Japan revenues were $9.6 million in the quarter, up a substantial 135%.In the quarter under review, gross profit totaled $170.1 million, up 12% year over year. Abiomed (ABMD) came out with quarterly earnings of $1.03 per share, beating the Zacks Consensus Estimate of $0.93 per share. It may therefore take some time before it appears on our website.Your ability to comment is currently suspended due to negative user reports.
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Abiomed (ABMD) delivered earnings and revenue surprises of 10.75% and -0.65%, respectively, for the quarter ended September 2019. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.This pioneering tech ticker had soared to all-time highs and then subsided to a price that is irresistible. The current consensus EPS estimate is $1.12 on $230.64 million in revenues for the coming quarter and $5.13 on $892.70 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this earnings release, the estimate revisions trend for Abiomed was unfavorable. Abiomed Inc (NASDAQ:ABMD) Q2 2020 Earnings Call Oct 31, 2019, 8:00 a.m. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.Earnings Beats Are Not Enough: Are You Checking Earnings Quality?Points International (PCOM) Reports Q2 Loss, Misses Revenue EstimatesEnerSys (ENS) Q1 Earnings and Revenues Beat EstimatesMRI Interventions, Inc. (CLPT) Reports Q2 Loss, Tops Revenue EstimatesCiena (CIEN) Gains But Lags Market: What You Should KnowChina’s Days as World’s Factory Are Over, IPhone Maker SaysTesla shareholder on stock split announcement: 'This has been a long time in the making'Fannie, Freddie Will Impose New Fee on Most Mortgage RefinancesLawsuit: COVID-19-contaminated meat carcasses are packaged, carried to consumersSouth Africa Hires RMB to Advise on Airline Stake SaleU.S. The medical device maker reported GAAP net income of $13.1 million, or $0.28 per share for the second quarter of 2020, which includes a $34.5 million, or $0.75 per share, unrealized loss from its investment in Shockwave. All Rights Reserved ABIOMED (ABMD) Earnings Beat, Revenues Miss Estimates In Q2Your ability to comment is currently suspended due to negative user reports. Abiomed (ABMD) came out with quarterly earnings of $1.03 per share, beating the Zacks Consensus Estimate of $0.93 per share. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this earnings release, the estimate revisions trend for Abiomed was unfavorable. FY20 GAAP operating margin is estimated to be in the range of 28% to 30%.“We have made progress on our key initiatives in the quarter, but we still have more work to do. The monthly returns are then compounded to arrive at the annual return. This includes personalizing content and advertising. ABIOMED has confirmed that its next quarterly earnings report will be published on Thursday, August 6th, 2020.
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