Boston Scientific Corporation · BSX · FY2024 Q3 · Calendar Q4 2024

Boston Scientific: FARAPULSE Drives Q3 Growth, Guidance Raised

Boston Scientific's Q3 results support a constructive growth thesis: strong FARAPULSE adoption, Watchman momentum, and portfolio expansion drove an outlook raise. The thesis remains sensitive to clinical-trial uncertainty, competition, pricing, and foreign exchange.

Reported Before market openNYSEHealthcare $65.29B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $0.63 Consensus $0.59
EPS surprise +7.1% Reported versus consensus
Reported revenue $4.21B Consensus $4.04B
Revenue surprise +4.2% Reported versus consensus

Market reaction

prior-close to event-session close
Stock move -0.6% Event window
SPY move -0.9% Same window
Abnormal move +0.3% Stock minus SPY
Volume 3.8× Versus trailing sessions
Subsequent drift +3.1% Up to 20 sessions
BSXSPY benchmark

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Transcript intelligence

What changed

The company reported stronger-than-guided Q3 growth, raised full-year organic growth and adjusted EPS guidance, and emphasized accelerating FARAPULSE adoption. The AVANT GUARD trial pause and ongoing pricing and FX pressures remain important offsets.

Guidance delta

Management raised full-year 2024 organic growth guidance to approximately 15% and adjusted EPS guidance to $2.45-$2.47.

Key takeaways

  • Q3 operational revenue grew 19% year over year, above the 13%-15% guidance range.
  • FARAPULSE adoption accelerated, with more than 125,000 patients treated.
  • Watchman, structural heart, and other franchises supported the outlook.
  • Silk Road Medical closed; Axonics was expected to close in Q4 2024.

Management priorities

  • Expand FARAPULSE account penetration and launch in Japan and China.
  • Advance ACURATE Neo2 regulatory work and clinical programs.
  • Integrate Axonics into the urology platform.
  • Expand the OPAL mapping platform and related catheters.

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Earnings History

Estimate Beat Miss Match
BSX EPS earnings history estimate and actual scatter chart 9 reported fiscal quarters and 3 future estimate-only quarters. Q1 '24 estimate $0.51 Q1 '24 actual $0.56, beat Q2 '24 estimate $0.58 Q2 '24 actual $0.62, beat Q3 '24 estimate $0.59 Q3 '24 actual $0.63, beat Q2 '25 estimate $0.72 Q2 '25 actual $0.75, beat Q3 '25 estimate $0.71 Q3 '25 actual $0.75, beat Q4 '25 estimate $0.78 Q4 '25 actual $0.80, beat Q1 '26 estimate $0.79 Q1 '26 actual $0.80, beat Q2 '26 estimate $0.83 Q2 '26 actual $0.86, beat Q3 '26 estimate $0.75 Q4 '26 estimate $0.89 Q1 '27 estimate $0.87
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Analyst Consensus ?

ConsensusBuy44 ratings
Bullish3784.1%
Neutral715.9%
Bearish00.0%

Analyst 52W Price Targets

$45.05Previous close
$48Low
$72.95Average
$130High

Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 20, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
Truist Securities Buy BuyMaintainOct 14, 2026
Citigroup Neutral NeutralMaintainOct 5, 2026
Wells Fargo Equal Weight Equal WeightMaintainSep 24, 2026
Oppenheimer Outperform OutperformMaintainSep 21, 2026
BTIG Buy BuyMaintainSep 9, 2026
Show 39 more rating actions

Named analyst price targets

Upside is calculated against the persisted previous close $45.05. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
Truist FinancialAnalyst unavailable$51$42.84 +13.2%Oct 14, 2026
Mizuho SecuritiesAnalyst unavailable$55$43.84 +22.1%Oct 13, 2026
BarclaysAnalyst unavailable$48$42.19 +6.5%Oct 6, 2026
BernsteinLee Hambright$54$42.6 +19.9%Oct 3, 2026
Wells FargoLarry Biegelsen$48$44.62 +6.5%Sep 23, 2026
See 144 more

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Company context

Snapshot as of publication

Boston Scientific Corporation (BSX) operates as a global leader in medical technology, specializing in the design, manufacturing, and commercialization of innovative medical devices tailored for a diverse array of interventional medical specialties across the globe. Its business is strategically organized into three principal segments: MedSurg, Rhythm and Neuro, and Cardiovascular. Within these divisions, the company provides a comprehensive portfolio of solutions addressing various gastrointestinal and pulmonary ailments, as well as urological and pelvic health concerns. This extends to advanced implantable devices for managing cardiac rhythm disorders, such as cardioverter-defibrillators, cardiac resynchronization therapy devices, and pacemakers, complemented by remote patient management systems. Furthermore, Boston Scientific offers sophisticated technologies for diagnosing and treating complex heart rate and rhythm irregularities.…

Historical context

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2024-11-10T18:38:36.707185+00:00
  3. Polygon adjusted daily market bars · 2026-10-20T08:00:41.586237+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-20T08:00:41.583370+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-10-20. For educational purposes only; not investment advice.