Hologic Inc

HOLX: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$86.00	Gxscsb	Cjwqgpvsl

Hologic Earnings: Solid Growth in Diagnostics and Breast Health Fueled Decent Quarterly Results

Debbie S. Wang

Jul 30, 2024

Hologic posted fiscal third-quarter results that held few surprises as the post-covid-19 reset period is reaching its tail end. We’re leaving our fair value estimate unchanged. Excluding covid revenue, quarterly sales grew 5.8% in constant currency, fueled by molecular diagnostics and breast health. We remain confident in Hologic’s narrow economic moat, which is supported by intangible assets and switching costs, and see little in the quarter that would shift our thinking.

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