Globus Medical Inc expected to post earnings of 51  cents a share - Earnings Preview

Globus Medical

03/05/2023 03:09

* Globus Medical Inc  GMED.N   GMED.K  is expected to show a
rise
in quarterly revenue when it reports  results on May 4. 
    * The Audubon Pennsylvania-based  company is expected to
report  a
10.6% increase in revenue to $254.898 million from $230.55
million a year ago, according to the mean estimate from 14
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Globus Medical Inc
is for
earnings of 51 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 11
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.2%
in the last three months. ​
    * Wall Street's median 12-month price target for Globus
Medical
Inc is $65​, above​ its last closing price of $56.48. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.57        0.56       0.59      Beat    5.3
 Sep. 30 2022  0.52        0.52       0.50      Missed  -3.9
 Jun. 30 2022  0.54        0.53       0.56      Beat    4.9​
 Mar. 31 2022  0.47        0.47       0.42      Missed  -10.2
 ​​Dec.        0.47        0.47       0.49      Beat    3.7
 31 2021                                                
 Sep. 30 2021  0.45        0.45       0.50      Beat    10.7​
 Jun. 30 2021  0.44        0.44       0.56      Beat    26
 Mar. 31 2021  0.36        0.37       0.49      Beat    33.5
 This summary was machine generated May 3 at 02:09 GMT.  All
figures in US dollars  unless otherwise stated