DexCom (DXCM) Reports Earnings Tomorrow: What To Expect

Medical device company DexCom (NASDAQ:DXCM) will be reporting results this Thursday after market close. Here’s what you need to know.

DexCom beat analysts’ revenue expectations by 2.8% last quarter, reporting revenues of $1.16 billion, up 15.2% year on year. It was a strong quarter for the company, with a solid beat of analysts’ organic revenue estimates and an impressive beat of analysts’ revenue estimates.

Is DexCom a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting DexCom’s revenue to grow 18.6% year on year to $1.18 billion, improving from the 2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.57 per share.DexCom Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. DexCom has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 1.2% on average.

Looking at DexCom’s peers in the healthcare equipment and supplies segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Intuitive Surgical delivered year-on-year revenue growth of 22.9%, beating analysts’ expectations by 3%, and Neogen reported a revenue decline of 3.6%, topping estimates by 2.6%. Intuitive Surgical traded up 13.9% following the results while Neogen was also up 3.7%.

Read our full analysis of Intuitive Surgical’s results here and Neogen’s results here.

There has been positive sentiment among investors in the healthcare equipment and supplies segment, with share prices up 6.1% on average over the last month. DexCom is up 3.9% during the same time and is heading into earnings with an average analyst price target of $98.40 (compared to the current share price of $69.05).

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