Equity Profile

MMSI

Merit Medical Systems, Inc.

Health CareHealth Care Supplies$4.0B

Jul30Thu

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Merit Medical Systems, Inc. (MMSI) operates in the health care sector, focusing on medical supplies and devices....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of a company's profitability and can influence investor sentiment.

Not available

Revenue Growth

Revenue growth indicates the company's ability to expand its market presence and meet demand in the health care sector.

Not available

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) operates in the health care sector, focusing on medical supplies and devices. As a key player in health care supplies, its performance can be influenced by trends in medical technology and patient care demands.

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, exceeding expectations by 28.77%. The stock reacted positively, gaining 5.15% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are generally optimistic about Merit Medical's upcoming earnings, given its strong track record of beating EPS estimates. However, there is uncertainty due to the lack of revenue guidance.

Bull Case

If Merit Medical continues its trend of exceeding EPS expectations, it could see a significant boost in stock price, especially if revenue growth is also strong.

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it could lead to a sharp decline in stock price, particularly given the high implied volatility.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q2-2026?

Given the company's history of beating EPS estimates, this figure will be crucial for investor confidence and stock performance.

What is the revenue growth outlook for the upcoming quarter?

Revenue growth is essential for understanding the company's market position and future potential, especially in a competitive health care environment.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for Merit Medical to exceed EPS expectations again, given its consistent track record.

Supporting Evidence

Merit has beaten EPS estimates in every quarter for the last two years, showcasing strong operational performance.

The implied volatility suggests that investors are bracing for a significant move, which may indicate a stronger performance than expected.

Key Risk

If EPS comes in below $0.80, it could lead to a significant reassessment of the company's growth prospects.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on whether Merit Medical can maintain its strong earnings trajectory amid market pressures.

Bull Confirmed If

An EPS of $1.00 or higher would confirm the bull case, indicating strong profitability.

Bear Confirmed If

An EPS below $0.80 would confirm the bear case, suggesting potential challenges in profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±17.21%

Historical Avg

±1.6%

Pricing rich

The options market is pricing in a significant potential move in either direction, indicating uncertainty among investors.

Options are pricing ±17.2% while MMSI has averaged ±1.6% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

42.3%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Merit Medical beats expectations, history suggests a potential stock increase of around 0.68%, confirming the bullish outlook.

In-Line / Cautious

If results are in line with expectations but lack strong guidance, the stock may see muted movement as investors reassess their outlook.

Miss

A miss could lead to a decline, with historical patterns indicating a potential drop of around 0.68% or more.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches or innovations in medical technology.
2Management's commentary on market conditions and demand for health care supplies.
3Insights into cost management strategies and their impact on margins.
4Any guidance on revenue expectations for the next quarter.
5Updates on competitive pressures within the health care supplies market.

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Company Snapshot

Merit Medical Systems, Inc. (MMSI) operates in the health care sector, focusing on medical supplies and devices....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of a company's profitability and can influence investor sentiment.

Not available

Revenue Growth

Revenue growth indicates the company's ability to expand its market presence and meet demand in the health care sector.

Not available

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, exceeding expectations by 28.77%. The stock reacted positively, gaining 5.15% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are generally optimistic about Merit Medical's upcoming earnings, given its strong track record of beating EPS estimates. However, there is uncertainty due to the lack of revenue guidance.

Bull Case

If Merit Medical continues its trend of exceeding EPS expectations, it could see a significant boost in stock price, especially if revenue growth is also strong.

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it could lead to a sharp decline in stock price, particularly given the high implied volatility.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q2-2026?

Given the company's history of beating EPS estimates, this figure will be crucial for investor confidence and stock performance.

What is the revenue growth outlook for the upcoming quarter?

Revenue growth is essential for understanding the company's market position and future potential, especially in a competitive health care environment.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for Merit Medical to exceed EPS expectations again, given its consistent track record.

Supporting Evidence

Merit has beaten EPS estimates in every quarter for the last two years, showcasing strong operational performance.

The implied volatility suggests that investors are bracing for a significant move, which may indicate a stronger performance than expected.

Key Risk

If EPS comes in below $0.80, it could lead to a significant reassessment of the company's growth prospects.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on whether Merit Medical can maintain its strong earnings trajectory amid market pressures.

Bull Confirmed If

An EPS of $1.00 or higher would confirm the bull case, indicating strong profitability.

Bear Confirmed If

An EPS below $0.80 would confirm the bear case, suggesting potential challenges in profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±17.21%

Historical Avg

±1.6%

Pricing rich

The options market is pricing in a significant potential move in either direction, indicating uncertainty among investors.

Options are pricing ±17.2% while MMSI has averaged ±1.6% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

42.3%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Merit Medical beats expectations, history suggests a potential stock increase of around 0.68%, confirming the bullish outlook.

In-Line / Cautious

If results are in line with expectations but lack strong guidance, the stock may see muted movement as investors reassess their outlook.

Miss

A miss could lead to a decline, with historical patterns indicating a potential drop of around 0.68% or more.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches or innovations in medical technology.
2Management's commentary on market conditions and demand for health care supplies.
3Insights into cost management strategies and their impact on margins.
4Any guidance on revenue expectations for the next quarter.
5Updates on competitive pressures within the health care supplies market.