Globus Medical Inc expected to post earnings of 59  cents a share - Earnings Preview

Globus Medical

02/08/2023 03:07

* Globus Medical Inc  GMED.N   GMED.K  is expected to show a
rise
in quarterly revenue when it reports  results on August 3. 
    * The Audubon Pennsylvania-based  company is expected to
report  a
6.1% increase in revenue to $279.725 million from $263.65
million a year ago, according to the mean estimate from 13
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Globus Medical Inc
is for
earnings of 59 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 10
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged 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 $58.98. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.51        0.51       0.53      Beat    4.2
 Dec. 31 2023  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.        0.47        0.47       0.42      Missed  -10.2
 31 2022                                                
 Dec. 31 2021  0.47        0.47       0.49      Beat    3.7​
 Sep. 30 2021  0.45        0.45       0.50      Beat    10.7
 Jun. 30 2021  0.44        0.44       0.56      Beat    26
 This summary was machine generated August 2 at 02:07 GMT.  All
figures in US dollars  unless otherwise stated