- Teleflex reported second-quarter net revenue of $749.7 million, which is an increase of 0.9% year-over-year.
- This revenue figure was below the market estimate of $762.9 million.
- Adjusted earnings per share (EPS) from continuing operations came in at $3.42, slightly above the estimate of $3.33.
- Excluding the impact from the Italian payback measure pertaining to prior years, the company raised its full-year 2024 revenue growth outlook.
- The new revenue growth outlook is now expected to be between 4.25% and 5.25% year-over-year, up from the previous range of 3.75% to 4.75%.
- The company has 7 buy ratings, 9 hold ratings, and no sell ratings from analysts.
Teleflex Inc on Smartkarma
Analyst coverage of Teleflex Inc on Smartkarma highlights positive sentiments from Baptista Research analysts. In the report titled “Teleflex Incorporated: Driving Durable Growth through Organic Growth Opportunities and Innovation! – Major Drivers” by Liam Kelly and Thomas Powell, Q1 2024 Earnings showcased promising results with a 3.8% YoY revenue increase to $737.8 million. The utilization of Teleflex’s products met expectations, indicating a positive trend in the market.
Furthermore, in another report titled “Teleflex Incorporated: M&A Focus & 5 Other Strategies Driving Growth! – Financial Forecasts” by Baptista Research, the analysis applauds Teleflex’s fourth quarter 2023 earnings, noting a 2.1% year-over-year revenue growth. The report also highlights Teleflex’s resilience in the face of material inflation and supply chain challenges, with prospects for continued improvements throughout 2024. The overall outlook on Teleflex Inc is optimistic based on these research insights.
A look at Teleflex Inc Smart Scores
Factor | Score | Magnitude |
---|---|---|
Value | 3 | |
Dividend | 2 | |
Growth | 3 | |
Resilience | 3 | |
Momentum | 3 | |
OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Teleflex Inc, the global provider of medical technology products, is positioned for a stable long-term outlook based on the Smartkarma Smart Scores. With above-average scores in Value, Growth, Resilience, and Momentum, the company demonstrates a well-rounded profile that bodes well for its future performance. While the Dividend score lags slightly behind, the overall positive outlook indicates a company with solid fundamentals and growth potential in the medical technology sector.
Teleflex Incorporated, specializing in single-use medical devices for critical care and surgical applications, has garnered favorable ratings across key factors. This suggests that the company is likely to maintain its competitive edge and continue innovating within its niche market. Investors looking for a balanced investment with growth prospects may find Teleflex Inc an attractive option given its strong Smartkarma Smart Scores across multiple categories.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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