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Boston Scientific’s Updated 2017 Guidance

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Sep. 4 2017, Updated 10:37 a.m. ET

BSX’s fiscal 2017 guidance

Boston Scientific (BSX) expects to register 2017 revenues of $8.9 billion–$9.0 billion. That compares to the company’s previous revenue guidance of $8.8 billion–$8.9 billion. The updated revenue expectations represent a sales growth rate of 6.0%–7.0%. On an operational basis, Boston Scientific expects to register sales growth of 6.0%–8.0%.

In fiscal 2017, Boston Scientific expects to register diluted adjusted EPS (earnings per share) of $1.23–$1.27 compared to the previous guidance of $1.22–$1.26. Despite the Lotus recall challenges and the EndoChoice Fuse sales losses in 1Q17, Boston Scientific increased its 2017 guidance during its 2Q17 earnings release.

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Quarterly guidance

Boston Scientific expects to record 3Q17 revenues of $2.18 billion–$2.21 billion, representing a year-over-year operational growth of 4.0%–5.0%. That includes the EndoChoice and Symetis acquisitions contribution of 140 basis points. Currency headwinds are expected to have a negative impact of around 100 basis points.

The company’s adjusted diluted EPS guidance in 3Q17 stands at $0.29–$0.31. That compares to $0.27 in 3Q16. The GAAP (generally accepted accounting principles) EPS is expected to be $0.16–$0.18.

According to analysts’ estimates for 2017, Boston Scientific’s competitors Medtronic (MDT), Stryker (SYK), and Abbott Laboratories (ABT) are estimated to have revenues of $29.5 billion, $12.3 billion, and $26.5 billion, respectively, in their current fiscal years.

Investors looking to gain exposure to Boston Scientific can invest in the Vanguard Growth ETF (VUG), which has a 0.36% exposure to BSX.

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