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

Globus Medical

21/02/2024 11:01

* Globus Medical Inc  GMED.N  reported quarterly adjusted
earnings
of 60 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of 59 cents.  The mean expectation of
sixteen analysts for the quarter was for earnings of 61 cents
per share. Wall Street expected results to range from 57 cents
to 97 cents per share.
    * Revenue rose 124.6% to $616.53 million from a year ago;
analysts
expected $608.04 million. 
    * Globus Medical Inc's reported EPS for the quarter was 11
cents​.
    * The company reported quarterly net income of $15.04
million.
    * Globus Medical Inc shares had risen by 1.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 9
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the medical
equipment,
supplies & distribution peer group is also "hold"

Wall Street's median 12-month price target for Globus Medical
Inc is $62.00 
This summary was machine generated from LSEG data February 21 at
11:01 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 2023      0.61           0.60           Missed
 Sep. 30 2023      0.57           0.57           Met
 Jun. 30 2023      0.59           0.63           Beat
 Mar. 31 2023      0.51           0.53           Beat