ICU Medical, Inc. (ICUI) has a great earnings history, booking its latest surprise back in January.
Estimates keep moving higher for this Zacks #1 Rank (Strong Buy) and are now at 5-year highs.
Company Description
ICU Medical makes medical technologies for vascular therapy, oncology and critical care applications. Products include custom I.V. systems, closed delivery systems, cardiac monitoring systems and catheters.
Good Earnings History
The company’s last quarterly report was back on Jan 31 and it was a good one. Revenue was up 8.3% to $75.6 million in the fourth-quarter of 2011. Net income came in at $10.0 million, up nicely from $7.4 million.
Earnings per share jumped 43% to $0.72 and came in 18 cents ahead of the Zacks Consensus Estimate. This was ICU Medical’s third consecutive surprise and the ninth in the past 10 quarters.
Bullish Revisions
Following the news analysts began raising their earrings forecasts. Projections from analysts polled by Zacks now average $2.39, up 20 cents, for 2011. Next year’s Zacks Consensus Estimate is up 21 cents, to $2.69.
Given the $2.23 per share earned in 2010, the expected growth rates are currently 7% for this year and another 13% in 2012.
The Chart
ICU Medical is showing consistent year over year growth. They have made a solid and steady recovery over the past few years and now expected earnings are at 5-year highs.
Bill Wilton is the Aggressive Growth Stock Strategist for Zacks.com. He is also the Editor in charge of the Zacks Small Cap Trader service
ICU MEDICAL INC (ICUI): Free Stock Analysis Report
Zacks Investment Research
