Boston Scientific Corp. (BSX) is expected to report net income of $535 million, or 38 cents a share, on sales of $2.6 billion before the market opens on Wednesday, based on a FactSet survey of 22 analysts.
In the same period a year ago, the company posted earnings of 41 cents a share on sales of $2.5 billion. It reported net income of $298 million.
The company offered guidance of 37 cents a share to 39 cents a share at the time of its last earnings report on April 24. Shares have risen 19.2% since then.
Quarterly estimates have risen less than 1 cent a share in the past month.
Boston Scientific is currently trading at a price-to-forward-earnings ratio of 25.3 based on the 12-month estimates of 23 analysts surveyed by FactSet.
In the upcoming quarter analysts are forecasting net income of $554.3 million, or 39 cents a share, on sales of $2.6 billion.
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