Why DexCom Stock Flopped on Friday
The stock of highly specialized healthcare company (NASDAQ: DXCM) wasn't the picture of health on Friday. It lost nearly 2% of its value in that day's trading session, on the back of an earnings release that raised investor concerns about slowing sales growth. The S 500 index outperformed the stock, and that's not saying much, as it essentially ended the day flat over Thursday.
Reporting its third-quarter results after market hours Thursday, DexCom said its revenue amounted to $994 million for the period. This was, however, only 2% higher on a year-over-year basis for the previously fast-growing glucose monitoring products specialist. Non-GAAP (adjusted) net income fell to slightly over $181 million ($0.45 per share) from the year-ago figure of $204 million.
According to Zack's, the consensus analyst estimate for profitability was $0.43. Meanwhile, DexCom only marginally topped the average prognosticator projection for revenue.
Source Fool.com
Dexcom Inc. Stock
With 29 Buy predictions and not a single Sell prediction Dexcom Inc. is an absolute favorite of our community.
As a result the target price of 89 € shows a slightly positive potential of 18.19% compared to the current price of 75.3 € for Dexcom Inc..
