Equity Profile

MMSI

Merit Medical Systems, Inc.

Health CareHealth Care Supplies$5.4B

Jul30Thu

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Merit Medical Systems, Inc. (MMSI) is a healthcare company that specializes in providing medical devices and supplies....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of a company's profitability and financial health, and it helps investors gauge performance against expectations.

$1.02

Revenue

Revenue figures provide insight into the company's sales performance and overall market demand for its products.

$409M

Wall Street expectations, options signals, track record, and call prep available with Pro.

MMSI Q2-2026 Earnings Preview

Context

Company Snapshot

Merit Medical Systems, Inc. (MMSI) is a healthcare company that specializes in providing medical devices and supplies. With a market cap of $5 billion, it plays a crucial role in the healthcare sector by offering products that enhance patient care and improve medical procedures.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+17.03%

Avg Stock Reaction

+0.68%

Last Quarter Recap

In Q1-2026, Merit Medical reported an EPS of $0.94, significantly beating the estimate of $0.73, which marked a 28.77% surprise. The stock reacted positively, gaining 5.15% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect Merit Medical to continue its strong performance, with a consensus EPS of $1.02 and revenue of $409 million for Q2-2026. The company has a solid track record of beating earnings estimates.

Bull Case

If Merit Medical can exceed the EPS estimate, it would reinforce investor confidence and potentially drive the stock higher, especially given its history of positive surprises.

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it could lead to a significant sell-off, especially considering the high implied volatility in the options market.

Key Metrics to Watch

Earnings Per Share (EPS)

$1.02

EPS is a key indicator of a company's profitability and financial health, and it helps investors gauge performance against expectations.

Revenue

$409M

Revenue figures provide insight into the company's sales performance and overall market demand for its products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will EPS exceed the consensus estimate of $1.02?

A beat on EPS would reinforce the company's strong performance trend and could lead to a positive stock reaction.

What guidance will management provide for future revenue growth?

Investors will be looking for clarity on future sales expectations, which could significantly impact stock sentiment.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate the potential for Merit Medical to exceed its EPS target due to its consistent track record of positive surprises in recent quarters.

Supporting Evidence

The company has beaten EPS estimates in every quarter for the last two years, suggesting strong operational execution.

Options pricing indicates a significant expected move, which may reflect investor anticipation of a positive surprise.

The historical average move after earnings is lower than the implied move, indicating potential for a larger reaction.

Key Risk

If EPS comes in below $1.02, it could lead to a reevaluation of the company's growth prospects.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is closely watching both EPS and revenue growth as indicators of the company's ongoing performance and market demand.

Bull Confirmed If

Exceeding EPS of $1.02 and providing strong revenue guidance would confirm the bull case.

Bear Confirmed If

Falling short of the EPS estimate or providing weak guidance would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±17.21%

Historical Avg

±1.64%

Pricing rich

The options market is pricing in a significant move around the earnings report, suggesting that investors expect volatility.

Options are pricing a 17.21% move, but the stock has averaged only 1.64% over the last 8 quarters — setup is rich.

Detail

ATM IV

0.3%

30d HV

42.3%

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Health Care

n=30

Fade rate: 13 of 29 (45%)

This setup has occurred 30 times across Health Care in the last 2 years. 13 of 29 faded and 16 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 5.5%, with a raw directional average of +2.9% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Merit Medical beats expectations, history suggests the stock could rise by around 0.68% on the following day, confirming strong investor confidence.

In-Line / Cautious

If results are in line with expectations but management's commentary is cautious, the stock may see muted movement as investors reassess their outlook.

Miss

If the company misses on EPS, history suggests a potential decline of around 0.68%, leading to increased scrutiny on future performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any commentary on new product launches and their expected impact on revenue.
2Updates on market demand trends for Merit Medical's key product lines.
3Insights into cost management strategies and their effect on margins.
4Management's outlook on competitive pressures in the healthcare supplies sector.
5Details regarding any potential acquisitions or partnerships that could enhance growth.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Merit Medical Systems, Inc. (MMSI) is a healthcare company that specializes in providing medical devices and supplies....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of a company's profitability and financial health, and it helps investors gauge performance against expectations.

$1.02

Revenue

Revenue figures provide insight into the company's sales performance and overall market demand for its products.

$409M

Wall Street expectations, options signals, track record, and call prep available with Pro.

MMSI Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+17.03%

Avg Stock Reaction

+0.68%

Last Quarter Recap

In Q1-2026, Merit Medical reported an EPS of $0.94, significantly beating the estimate of $0.73, which marked a 28.77% surprise. The stock reacted positively, gaining 5.15% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Merit Medical can exceed the EPS estimate, it would reinforce investor confidence and potentially drive the stock higher, especially given its history of positive surprises.

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it could lead to a significant sell-off, especially considering the high implied volatility in the options market.

Key Metrics to Watch

Earnings Per Share (EPS)

$1.02

EPS is a key indicator of a company's profitability and financial health, and it helps investors gauge performance against expectations.

Revenue

$409M

Revenue figures provide insight into the company's sales performance and overall market demand for its products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will EPS exceed the consensus estimate of $1.02?

A beat on EPS would reinforce the company's strong performance trend and could lead to a positive stock reaction.

What guidance will management provide for future revenue growth?

Investors will be looking for clarity on future sales expectations, which could significantly impact stock sentiment.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate the potential for Merit Medical to exceed its EPS target due to its consistent track record of positive surprises in recent quarters.

Supporting Evidence

The company has beaten EPS estimates in every quarter for the last two years, suggesting strong operational execution.

Options pricing indicates a significant expected move, which may reflect investor anticipation of a positive surprise.

The historical average move after earnings is lower than the implied move, indicating potential for a larger reaction.

Key Risk

If EPS comes in below $1.02, it could lead to a reevaluation of the company's growth prospects.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is closely watching both EPS and revenue growth as indicators of the company's ongoing performance and market demand.

Bull Confirmed If

Exceeding EPS of $1.02 and providing strong revenue guidance would confirm the bull case.

Bear Confirmed If

Falling short of the EPS estimate or providing weak guidance would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±17.21%

Historical Avg

±1.64%

Pricing rich

The options market is pricing in a significant move around the earnings report, suggesting that investors expect volatility.

Options are pricing a 17.21% move, but the stock has averaged only 1.64% over the last 8 quarters — setup is rich.

Detail

ATM IV

0.3%

30d HV

42.3%

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Health Care

n=30

Fade rate: 13 of 29 (45%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Merit Medical beats expectations, history suggests the stock could rise by around 0.68% on the following day, confirming strong investor confidence.

In-Line / Cautious

If results are in line with expectations but management's commentary is cautious, the stock may see muted movement as investors reassess their outlook.

Miss

If the company misses on EPS, history suggests a potential decline of around 0.68%, leading to increased scrutiny on future performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any commentary on new product launches and their expected impact on revenue.
2Updates on market demand trends for Merit Medical's key product lines.
3Insights into cost management strategies and their effect on margins.
4Management's outlook on competitive pressures in the healthcare supplies sector.
5Details regarding any potential acquisitions or partnerships that could enhance growth.