By Christopher Ellis
Equities analysts predict that Globus Medical (NASDAQ:GMED) will announce $0.25 earnings per share for the current quarter, Zacks reports. Seven analysts have issued estimates for Globus Medical’s earnings, with estimates ranging from $0.24 to $0.27. Globus Medical posted earnings of $0.24 per share in the same quarter last year, which suggests a positive year over year growth rate of 4.2%. The company is scheduled to issue its next quarterly earnings results after the market closes on Tuesday, November 3rd.
On average, analysts expect that Globus Medical will report full year earnings of $1.05 per share for the current year, with EPS estimates ranging from $1.01 to $1.13. For the next financial year, analysts anticipate that the business will post earnings of $1.18 per share, with EPS estimates ranging from $1.15 to $1.24. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Globus Medical.
Globus Medical (NASDAQ:GMED) last posted its quarterly earnings data on Thursday, July 30th. The medical device company reported $0.25 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.25. The business earned $133.60 million during the quarter, compared to analyst estimates of $126.89 million.
