Insulet Q3 revenue, profit beat expectations on Omnipod demand

Reuters
Nov 06
Insulet Q3 revenue, profit beat expectations on Omnipod demand

Overview

  • Insulet Q3 revenue rises 29.9%, beating analyst expectations and company guidance

  • Adjusted EPS for Q3 beats analyst expectations, reflecting strong financial performance

  • Company raises full-year revenue and margin guidance, indicating growth confidence

Outlook

  • Insulet raises FY 2025 revenue growth guidance to 28% - 29%

  • Company expects Q4 2025 total revenue growth of 25% - 28%

  • Insulet sees FY 2025 gross margin above 71%

Result Drivers

  • OMNIPOD REVENUE - Total Omnipod revenue increased 31%, driven by international growth and product integration

  • INTERNATIONAL EXPANSION - Integration with Dexcom's CGM sensors in Europe boosted international Omnipod revenue

  • REIMBURSEMENT AGREEMENTS - Secured reimbursement for Omnipod 5 in Norway, enhancing market access

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$706.30 mln

$676.73 mln (22 Analysts)

Q3 Adjusted EPS

Beat

$1.24

$1.14 (21 Analysts)

Q3 EPS

$1.24

Q3 Net Income

Beat

$87.60 mln

$80.43 mln (16 Analysts)

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 24 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the medical equipment, supplies & distribution peer group is "buy"

  • Wall Street's median 12-month price target for Insulet Corp is $365.00, about 13.9% above its November 5 closing price of $314.44

  • The stock recently traded at 56 times the next 12-month earnings vs. a P/E of 59 three months ago

Press Release: ID:nBw97m4BLa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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