Globus Medical, Inc. reports results for the quarter ended June 30 - Earnings Summary
Globus Medical, Inc. reports results for the quarter ended June 30 - Earnings Summary
Globus Medical, Inc. GMED.N reported quarterly adjusted earnings of $1.34 per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 86 cents. The mean expectation of seventeen analysts for the quarter was for earnings of $1.10 per share. Wall Street expected results to range from $1.05 to $1.14 per share.
Revenue rose 5.9% to $789.61 million from a year ago; analysts expected $782.84 million.
Globus Medical, Inc.'s reported EPS for the quarter was $1.10.
The company reported quarterly net income of $151.57 million.
Globus Medical, Inc. shares had risen by 1.9% this quarter and lost 7.8% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 0.3% 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," 6 "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, about 18.9% above its last closing price of $81.08
This summary was machine generated from LSEG data August 7 at 01:35 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 |
Jun. 30 2026 | 1.10 | 1.34 | Beat |
Mar. 31 2026 | 0.92 | 1.12 | Beat |
Dec. 31 2025 | 1.15 | 1.28 | Beat |
Sep. 30 2025 | 0.78 | 1.18 | Beat |
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