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GMED — Globus Medical News Story

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Brief: Globus Medical Q2 Adjusted EPS USD 0.86 Vs. IBES Estimate USD 0.76

Overview

Globus Medical Q2 sales rise 18.4%, beating analyst expectations, per LSEG data

Adjusted EPS for Q2 beats estimates, reaching $0.86, per LSEG data

Growth driven by US Spine business and Nevro acquisition integration

Outlook

Company reaffirms 2025 revenue guidance of $2.80 bln  to $2.90 bln

Globus Medical maintains 2025 EPS guidance of $3.00 to $3.30

Result Drivers

US SPINE BUSINESS - US Spine segment grew 5.7% as reported, 7.4% on a day-adjusted basis, per CEO Keith Pfeil

ENABLING TECHNOLOGIES - Segment showed modest recovery in Q2, with focus on robotic assisted surgery

NEVRO ACQUISITION - Integration of Nevro acquisition contributed to sales growth, per CFO Kyle Kline

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 SalesBeat$745.30 mln$741.80 mln (12 Analysts)
Q2 Adjusted EPSBeat$0.86$0.76 (14 Analysts)
Q2 EPS$1.49
Q2 Net Income$202.80 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell" The average consensus recommendation for the medical equipment, supplies & distribution peer group is "buy" Wall Street's median 12-month price target for Globus Medical Inc is $80.00, about 34% above its August 6 closing price of $52.83 The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 20 three months ago Press Release: ID:nGNX7GFmqw (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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