Cooper Companies First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Cooper Companies (NASDAQ:COO) First Quarter 2024 Results

Key Financial Results

• Revenue: US$931.6m (up 8.5% from 1Q 2023).
• Net income: US$81.2m (down 4.0% from 1Q 2023).
• Profit margin: 8.7% (down from 9.9% in 1Q 2023). The decrease in margin was driven by higher expenses.
• EPS: US$0.41 (down from US$0.43 in 1Q 2023).

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

Cooper Companies Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 24%.

Looking ahead, revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Medical Equipment industry in the US.

Performance of the American Medical Equipment industry.

The company's shares are up 5.6% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the 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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