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

Globus Medical

09/11/2022 07:20

* Globus Medical Inc  GMED.N  reported quarterly adjusted
earnings
of 50 cents​​ per share for the quarter ended in September. The
mean expectation of fifteen analysts for the quarter was
for earnings of 52 cents per share.
    * Revenue rose 10.6% to $254.15 million from a year ago;
analysts
expected $253.14 million. 
    * Globus Medical Inc's reported EPS for the quarter was 47
cents​.
    * The mean earnings estimate of analysts had fallen by
about 0.2%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Globus Medical Inc shares had risen by 7.9% this
quarter and
lost 11.0% so far this year.
    * The company reported quarterly net income of $47.43
million.
    * Wall Street's median 12-month price target for Globus
Medical
Inc is $72.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from Refinitiv data November
9 at 07:20 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.52           0.50           Missed
 Jun. 30 2022      0.53           0.56           Beat
 Mar. 31 2022      0.47           0.42           Missed
 Dec. 31 2021      0.47           0.49           Beat