Fresenius Medical Care Q4 Earnings Preview
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 23 2026
0mins
Should l Buy FMS?
Source: seekingalpha
- Earnings Announcement Date: Fresenius Medical Care is set to release its Q4 2023 earnings on February 24 before market open, with consensus EPS estimate at $0.66, reflecting a 27.5% year-over-year decline, and revenue estimate at $5.72 billion, down 4.5% year-over-year.
- Historical Performance: Over the past two years, Fresenius has beaten EPS estimates 100% of the time and revenue estimates 88% of the time, indicating a strong track record of exceeding financial forecasts and maintaining investor confidence.
- Estimate Revision Trends: In the last three months, EPS estimates saw one upward revision with no downward adjustments, while revenue estimates experienced two upward and two downward revisions, suggesting mixed market sentiment regarding the company's future performance.
- Market Confidence Issues: Despite its historical performance, there is low confidence in Fresenius Medical Care's ability to accelerate growth, which may limit potential upside in its stock price.
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Analyst Views on FMS
Wall Street analysts forecast FMS stock price to rise
2 Analyst Rating
0 Buy
1 Hold
1 Sell
Moderate Sell
Current: 22.030
Low
22.00
Averages
25.00
High
28.00
Current: 22.030
Low
22.00
Averages
25.00
High
28.00
About FMS
Fresenius Medical Care AG, formerly Fresenius Medical Care AG & Co. KGaA is a Germany-based kidney dialysis institute. The Company provides dialysis care and related services to persons suffering from end-stage renal disease (ESRD) and offers other extracorporeal therapies, as well as other healthcare services. It has two operating segments such as care delivery segment which consolidates the global health care services business and care enablement segment includes research and development (R&D), manufacturing, supply chain, and commercial operations. It develops and manufactures health care products, which includes dialysis and non-dialysis products. Such as hemodialysis machines, peritoneal cyclers, dialyzers, peritoneal solutions and granulates, bloodlines, renal pharmaceuticals, and systems for water treatment. Its non-dialysis products include acute cardiopulmonary and apheresis products. It owns, operates, or manages dialysis clinics sells products to other dialysis providers.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Earnings Highlights: Fresenius Medical Care reported a Q4 2025 Non-GAAP EPS of €1.44 and revenue of €5.07 billion, reflecting a slight year-over-year decline of 0.2%, indicating stability amid market fluctuations.
- Shareholder Return Plan: The proposed dividend for fiscal year 2025 is €1.49 per share, a 3% increase, representing 33% of adjusted net income, demonstrating the company's ongoing commitment to shareholders, alongside a €1.0 billion share buyback program currently underway.
- Divergent Business Performance: Care Delivery revenue decreased by 2% to €3.507 billion, but grew by 6% at constant currency, while Value-Based Care revenue surged by 32% to €637 million, reflecting success in new business areas.
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- Earnings Announcement Date: Fresenius Medical Care is set to release its Q4 2023 earnings on February 24 before market open, with consensus EPS estimate at $0.66, reflecting a 27.5% year-over-year decline, and revenue estimate at $5.72 billion, down 4.5% year-over-year.
- Historical Performance: Over the past two years, Fresenius has beaten EPS estimates 100% of the time and revenue estimates 88% of the time, indicating a strong track record of exceeding financial forecasts and maintaining investor confidence.
- Estimate Revision Trends: In the last three months, EPS estimates saw one upward revision with no downward adjustments, while revenue estimates experienced two upward and two downward revisions, suggesting mixed market sentiment regarding the company's future performance.
- Market Confidence Issues: Despite its historical performance, there is low confidence in Fresenius Medical Care's ability to accelerate growth, which may limit potential upside in its stock price.
See More
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