Globus Medical Inc reports results for the quarter ended December 31 - Earnings Summary

Globus Medical

21/02/2025 24:21

* Globus Medical Inc  GMED.N  reported quarterly adjusted
earnings
of 84 cents​​ per share for the quarter ended December 31,
higher than the same quarter last year, when the company
reported EPS of 60 cents.  The mean expectation of
sixteen analysts for the quarter was for earnings of 75 cents
per share. Wall Street expected results to range from 65 cents
to 88 cents per share.
    * Revenue rose 6.6% to $657.29 million from a year ago;
analysts
expected $643.38 million. 
    * Globus Medical Inc's reported EPS for the quarter was 19
cents​.
    * The company reported quarterly net income of $26.51
million.
    * Globus Medical Inc shares had risen by 1.7% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the medical
equipment,
supplies & distribution peer group is also "buy"

Wall Street's median 12-month price target for Globus Medical
Inc is $100.00 
This summary was machine generated from LSEG data February 21 at
12:20 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.75           0.84           Beat
 Sep. 30 2024      0.65           0.83           Beat
 Jun. 30 2024      0.68           0.75           Beat
 Mar. 31 2024      0.57           0.72           Beat