Jefferies Raises HOLX Estimates

Jefferies is making some adjustments to its Hologic HOLX estimates. “We are increasing our F11 revenue estimate to $1,769M, from $1,750M, as well as our F11 pro-forma EPS estimate to $1.23, from $1.22. F11 consensus revenue and EPS currently stands at $1,755M and $1.23,” Jefferies writes. “In addition, we are raising our F12 revenue and pro-forma EPS estimates to $1,941M and $1.45, from $1,875M and $1.40, respectively. F12 consensus revenue and EPS resides at $1,854.9M and $1.35, respectively. “We believe that our estimates bake in significant conservatism as ASPs could be as high as $450K per system and the adoption ramp could be much higher than the assumptions in our model.” Hologic closed Friday at $20.18.