Cooper Companies Third Quarter 2024 Earnings: EPS Misses Expectations

Cooper Companies (NASDAQ:COO) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$1.00b (up 7.8% from 3Q 2023).
• Net income: US$104.7m (up 23% from 3Q 2023).
• Profit margin: 10% (up from 9.2% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$0.52 (up from US$0.43 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Cooper Companies EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 22%.

Looking ahead, revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Medical Equipment industry in the US.

Performance of the American Medical Equipment industry.

The company's shares are up 12% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Cooper Companies' balance sheet and an in-depth analysis of the company's financial position.

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