Cooper Companies cuts FY26 guidance after Q3 earnings beat and sales miss
Cooper Companies reported Q3 EPS of $1.15, beating $1.12 consensus, while quarterly sales of $1.066 billion missed $1.098 billion. The company cut FY26 guidance to revenue of $4.229 billion to $4.252 billion and non-GAAP diluted EPS of $4.51 to $4.55.
Cooper Companies Inc said Wednesday its third-quarter earnings came in at $1.15 a share, topping the $1.12 analyst consensus, while sales were $1.066 billion, below the $1.098 billion estimate. The company guided fourth-quarter revenue to $1.057 billion-$1.080 billion and non-GAAP diluted EPS to $1.05-$1.09. For full fiscal 2026, it forecast revenue of $4.229 billion-$4.252 billion and non-GAAP diluted EPS of $4.51-$4.55. CEO Al White said the quarter also included record free cash flow, solid fertility growth at CooperSurgical and a favorable finish to a significant tax matter.
He said reduced U.S. channel inventory at CooperVision weighed on results and will continue to affect Q4. Cooper Companies shares fell 16.8% to $52.83 in pre-market trade. Analysts also moved on the stock after the earnings release.
Needham’s David Saxon kept a Buy rating and lowered his target to $73 from $86. Baird’s Jeff Johnson cut the stock to Neutral from Outperform and reduced his target to $61 from $85. B of A Securities’ Craig Bijou also moved to Neutral from Buy and trimmed his target to $65 from $80.