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

Globus Medical

05/05/2023 01:30

* Globus Medical Inc  GMED.N  reported quarterly adjusted
earnings
of 53 cents​​ per share for the quarter ended in March. The mean
expectation of fifteen analysts for the quarter was for earnings
of 51 cents per share.
    * Revenue rose 20% to $276.69 million from a year ago;
analysts
expected $255.28 million. 
    * Globus Medical Inc's reported EPS for the quarter was 48
cents​.
    * The mean earnings estimate of analysts had fallen by
about 2.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Globus Medical Inc shares had risen by 0.3% this
quarter and
lost 23.5% so far this year.
    * The company reported quarterly net income of $49.13
million.
    * Wall Street's median 12-month price target for Globus
Medical
Inc is $65.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data May
5 at 12:30 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.51           0.53           Beat
 Dec. 31 2022      0.56           0.59           Beat
 Sep. 30 2022      0.52           0.50           Missed
 Jun. 30 2022      0.53           0.56           Beat