Core Viewpoint - Investors are increasingly seeking growth stocks that demonstrate above-average growth potential, particularly in the financial sector, to achieve exceptional returns, although identifying such stocks can be challenging due to inherent volatility and risks [1] Group 1: Company Overview - Merit Medical (MMSI) is identified as a promising growth stock, supported by a favorable Growth Score and a top Zacks Rank [2] - The company specializes in disposable medical devices, which positions it well within the growth stock category [3] Group 2: Earnings Growth - Merit Medical has a historical EPS growth rate of 21.5%, with projected EPS growth of 11.3% for the current year, significantly outperforming the industry average of 7.5% [4] Group 3: Cash Flow Growth - The company exhibits a year-over-year cash flow growth rate of 12.2%, which is notably higher than the industry average of -5.2%, indicating strong operational efficiency [5] - Over the past 3-5 years, Merit Medical has maintained an annualized cash flow growth rate of 11.5%, compared to the industry average of 2.2%, showcasing its consistent performance [6] Group 4: Earnings Estimate Revisions - Recent upward revisions in current-year earnings estimates for Merit Medical indicate a positive trend, with the Zacks Consensus Estimate increasing by 1.6% over the past month, suggesting favorable market sentiment [8] Group 5: Investment Positioning - Merit Medical has achieved a Growth Score of B and a Zacks Rank of 2, reflecting its strong growth metrics and positive earnings estimate revisions, positioning it well for potential outperformance in the market [9]

Merit Medical Systems, Inc. (MMSI) witnessed strong momentum in the year-to-date period. Shares of the company have rallied 37.9% compared with the industry’s growth of 3.6%. The S&P 500 composite has risen 24% in the same period.With healthy fundamentals and strong growth opportunities, this Zacks Rank #2 (Buy) company appears to be a solid wealth creator for its investors at the moment.Merit Medical specializes in providing products for peripheral and cardiac interventions, targeting conditions in interve ...

Company Performance - Merit Medical (MMSI) shares have increased by 8.8% over the past month and reached a new 52-week high of $102.88, with a year-to-date gain of 34.2% compared to 4% for the Zacks Medical sector and 4.3% for the Zacks Medical - Dental Supplies industry [1] - The company has consistently exceeded earnings expectations, reporting EPS of $0.86 against a consensus estimate of $0.80 in its last earnings report on October 30, 2024, and beating revenue estimates by 1.44% [2] - For the current fiscal year, Merit Medical is projected to achieve earnings of $3.35 per share on revenues of $1.35 billion, reflecting an 11.3% increase in EPS and a 7.15% increase in revenues [3] Valuation Metrics - Merit Medical has a Value Score of C, a Growth Score of B, and a Momentum Score of C, resulting in a VGM Score of B [6] - The stock trades at 30.4X current fiscal year EPS estimates, which is above the peer industry average of 18.9X, and at 21.1X trailing cash flow compared to the peer group's average of 17.1X [7] - The PEG ratio stands at 2.54, indicating that the company is not in the top tier from a value perspective [7] Zacks Rank - Merit Medical holds a Zacks Rank of 2 (Buy) due to rising earnings estimates, meeting the criteria for investors looking for stocks with strong potential [8] Industry Comparison - The Medical - Dental Supplies industry is positioned in the top 30% of all industries, suggesting favorable conditions for both Merit Medical and its peer, Cardinal Health, Inc. (CAH) [11] - Cardinal Health has a Zacks Rank of 2 (Buy) and is expected to post earnings of $7.74 per share on revenues of $217.08 billion for the current fiscal year, with shares gaining 3.9% over the past month [10]

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the tr ...

SOUTH JORDAN, Utah, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Merit Medical Systems, Inc. (NASDAQ: MMSI), a global leader in healthcare technology, today reported that it has completed the acquisition of Cook Medical’s lead management portfolio. The purchase consideration consisted of a cash payment of approximately $210 million and the assumption of certain liabilities. Merit funded the acquisition payment through a combination of cash on hand and borrowings under its long-term credit facility. “We are pleased to ...

Merit Medical Systems, Inc. (MMSI) reported third-quarter 2024 adjusted earnings per share (EPS) of 86 cents, up 21.1% from the year-ago quarter. The bottom line surpassed the Zacks Consensus Estimate by 7.5%.GAAP EPS for the quarter was 48 cents, up 9.1% year over year.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.MMSI’s Revenue DetailsRevenues grossed $339.8 million in the reported quarter, up 7.8% year over year. The metric topped the Zacks Consensus Estimate by 1.4%.Total revenu ...

Merit Medical (MMSI) reported $339.85 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 7.8%. EPS of $0.86 for the same period compares to $0.75 a year ago. View all Key Company Metrics for Merit Medical here>>> The reported revenue represents a surprise of +1.44% over the Zacks Consensus Estimate of $335.02 million. With the consensus EPS estimate being $0.80, the EPS surprise was +7.50%. While investors closely watch year-over-year changes in headline numbe ...

Merit Medical (MMSI) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.80 per share. This compares to earnings of $0.75 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 7.50%. A quarter ago, it was expected that this maker of disposable medical devices would post earnings of $0.88 per share when it actually produced earnings of $0.92, delivering a surprise of 4.55%. Over the last f ...

Exhibit 99.1 1 | --- | --- | --- | |-------|---------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------| | | | | | | Contacts: | | | | PR/Media Inquiries: Sarah Comstock Merit Medical +1-801-432-2864 sarah.comstock@merit.com | Investor Inquiries: Mike Piccinino, CFA, IRC Westwicke – ICR +1-443-213-0509 mike.piccinino@westwicke.com | FOR IMMEDIATE REL ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Merit Medical (MMSI) . This company, which is in the Zacks Medical - Dental Supplies industry, shows potential for another earnings beat.This maker of disposable medical devices has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise f ...