Overview
Edwards Lifesciences Q3 sales grow 14.7% to $1.55 bln, beating analyst expectations
Adjusted EPS for Q3 beats consensus, driven by comprehensive portfolio growth
Company raises full-year sales and adj EPS guidance, reflecting better-than-expected performance
Outlook
Edwards raises 2025 sales growth guidance to high end of 9-10%
Company increases TAVR sales guidance to 7-8% from 6-7%
Edwards lifts 2025 adjusted EPS guidance to $2.56-$2.62
Result Drivers
TAVR SALES - Growth driven by new clinical evidence, updated guidelines, and expanding indications, with stable pricing and competitive position
TMTT GROWTH - Driven by strong adoption of PASCAL and EVOQUE systems, with support from new ESC/EACTS guidelines
EUROPEAN MARKET - Exit of a competitor in Europe contributed modestly to sales growth
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$1.55 bln
$1.49 bln (29 Analysts)
Q3 Adjusted EPS
Beat
$0.67
$0.59 (26 Analysts)
Q3 EPS
$0.50
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 21 "strong buy" or "buy", 14 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the advanced medical equipment & technology peer group is "buy"
Wall Street's median 12-month price target for Edwards Lifesciences Corp is $88.00, about 6% above its October 29 closing price of $82.69
Press Release: ID:nBw44SnKra
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)