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Glaukos (GKOS) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
GKOSGlaukos(GKOS) ZACKS·2024-11-05 17:31

Financial Performance - Glaukos reported revenue of 9667millionforthequarterendedSeptember2024,ayearoveryearincreaseof23996 67 million for the quarter ended September 2024, a year-over-year increase of 23 9% [1] - EPS for the quarter was -0 28, an improvement from -050inthesameperiodlastyear[1]TherevenuesurpassedtheZacksConsensusEstimateof0 50 in the same period last year [1] - The revenue surpassed the Zacks Consensus Estimate of 91 32 million by 5 86% [1] - EPS also exceeded the consensus estimate of -052,withasurpriseof+46150 52, with a surprise of +46 15% [1] Revenue Breakdown by Segment - Revenues from Glaucoma in the United States were 51 57 million, a 35 5% increase year-over-year and above the five-analyst estimate of 4706million[3]RevenuesfromCornealHealthintheUnitedStateswere47 06 million [3] - Revenues from Corneal Health in the United States were 18 45 million, a 6 4% increase year-over-year and slightly above the five-analyst estimate of 1798million[3]Internationalrevenuestotaled17 98 million [3] - International revenues totaled 26 65 million, a 17 7% increase year-over-year and above the five-analyst estimate of 2593million[3]RevenuesfromCornealHealthinternationallywere25 93 million [3] - Revenues from Corneal Health internationally were 2 19 million, a 7 8% decrease year-over-year and below the five-analyst estimate of 250million[3]TotalUnitedStatesrevenueswere2 50 million [3] - Total United States revenues were 70 02 million, a 26 4% increase year-over-year and above the five-analyst estimate of 6504million[3]RevenuesfromGlaucomainternationallywere65 04 million [3] - Revenues from Glaucoma internationally were 24 47 million, a 20 7% increase year-over-year and above the five-analyst estimate of 2342million[3]TotalCornealHealthrevenueswere23 42 million [3] - Total Corneal Health revenues were 20 64 million, a 4 7% increase year-over-year and slightly above the six-analyst estimate of 2040million[3]TotalGlaucomarevenueswere20 40 million [3] - Total Glaucoma revenues were 76 03 million, a 30 3% increase year-over-year and above the six-analyst estimate of $71 18 million [3] Stock Performance - Glaukos shares returned +3 9% over the past month, outperforming the Zacks S&P 500 composite's -0 5% change [4] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [4]