Radiopharmaceutical company Lantheus Holdings (NASDAQ: LNTH) will be reporting earnings tomorrow before market hours. Here’s what you need to know.

Lantheus beat analysts’ revenue expectations by 2% last quarter, reporting revenues of $378.7 million, up 18.4% year on year. It was a satisfactory quarter for the company, with a decent beat of analysts’ EPS estimates.

Is Lantheus a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Lantheus’s revenue to grow 6.5% year on year to $377.1 million, slowing from the 34.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.54 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Lantheus has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Lantheus’s peers in the medical devices & supplies - imaging, diagnostics segment, some have already reported their Q4 results, giving us a hint as to what we can expect. GE HealthCare delivered year-on-year revenue growth of 2.2%, meeting analysts’ expectations, and QuidelOrtho reported a revenue decline of 4.7%, topping estimates by 1.4%. GE HealthCare traded up 7.4% following the results while QuidelOrtho was also up 4.3%.

Read our full analysis of GE HealthCare’s results here and QuidelOrtho’s results here.

Valuation multiples for many growth stocks have not yet reverted to their early 2021 highs, but the market has been optimistic as of late due to a soft landing. This is an economic situation where rate hikes successfully quelled inflation but did not send the economy into a recession. Furthermore, recent rate cuts and Donald Trump's triumph in the 2024 Presidential election have been tailwinds for the market, and while some of the medical devices & supplies - imaging, diagnostics stocks have shown solid performance, the group has generally underperformed, with share prices down 5.4% on average over the last month. Lantheus is down 15.7% during the same time and is heading into earnings with an average analyst price target of $133.46 (compared to the current share price of $82.89).

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