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

Globus Medical

21/02/2023 22:46

* Globus Medical Inc  GMED.N  reported quarterly adjusted
earnings
of 59 cents​​ per share for the quarter ended in December. The
mean expectation of fifteen analysts for the quarter was
for earnings of 56 cents per share.
    * Revenue rose 9.8% to $274.50 million from a year ago;
analysts
expected $276.67 million. 
    * Globus Medical Inc's reported EPS for the quarter was 49
cents​.
    * The mean earnings estimate of analysts had fallen by
about 0.2%
in the last three months.​ 
    * In the last 30 days three analysts negatively revised
earnings
estimates 
    * Globus Medical Inc shares had fallen by 19.0% this
quarter.
    * The company reported quarterly net income of $50.07
million.
    * Wall Street's median 12-month price target for Globus
Medical
Inc is $70.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 12
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
21 at 10:46 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.56           0.59           Beat
 Sep. 30 2022      0.52           0.50           Missed
 Jun. 30 2022      0.53           0.56           Beat
 Mar. 31 2022      0.47           0.42           Missed