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
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$745.30 mln
$741.80 mln (12 Analysts)
Q2 Adjusted EPS
Beat
$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.)