Globus Medical Q4 Earnings Preview

On Wednesday, Globus Medical GMED will release its latest earnings report. Benzinga's report can help you figure out the ins and outs of the earnings release.

Earnings and Revenue

Analysts predict Globus Medical will report earnings of 35 cents per share on revenue of $166.53 million.

In the same quarter last year, Globus Medical reported EPS of 31 cents per share on revenue of $151.59 million. The Wall Street estimate would represent a 12.9 percent increase in the company's earnings. Revenue would be up 9.86 percent from the same quarter last year.

Here's how the company's reported EPS has stacked up against analyst estimates in the past:

 

Quarter Q3 2017 Q2 2017 Q1 2017 Q4 2016
EPS Estimate 0.3 0.3 0.31 0.33
EPS Actual 0.3 0.32 0.32 0.31

 

Stock Performance

For a full 12 months, the return has risen by 76.82 percent. Given that these returns are generally positive, long-term shareholders are probably relaxed going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Analyst estimates are adjusted higher for EPS and revenues over the past 90 days. The average rating by analysts on Globus Medical stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.

Conference Call

Don't be surprised to see the stock move on comments made during its conference call. Globus Medical's Q4 conference call is scheduled to begin at 4:30 p.m. ET and can be accessed here: http://www.investors.globusmedical.com/news-releases?field_nir_news_date_value%5Bmin%5D=2017

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Posted In: EarningsNewsPreviewsTrading IdeasEarnings Previews
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