Home Markets Earnings Estimate Forecast on Globus Medical, Inc.(GMED)

Earnings Estimate Forecast on Globus Medical, Inc.(GMED)

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Globus Medical, Inc.(GMED): For the most recent quarter end, Globus Medical, Inc. reported Annual Earnings of $0.29. Based on the filings, last years Annual Earnings was, $1.1. For the most recent quarter end, GMED reported a surprise Earnings per Share of 3.57% . The consensus estimate for current quarter is $0.33 and for the current fiscal year, the estimate is $1.2. For the Next fiscal year, the estimate is $1.28 based on the consensus.

Globus Medical, Inc. has received $0.33 as the consensus Earnings Estimate for the Quarter ending on Dec 2016 ,According to the estimate provided by 7 Financial Advisor in the Stock Trading Firms. Among 7 Analysts, Bottom line EPS Estimate for the current quarter is $0.32 while the top line estimate is $0.34 , a key information to consider for Day Trading and investing in stocks. The EPS growth rate is projected at 2.23%. Globus Medical, Inc. reported better than expected with a surprise EPS of 3.57% or $0.01 during its most recent quarterly earnings. The Actual EPS was $0.29 compared to the Estimated EPS of $0.28.

Globus Medical Inc Last issued its quarterly earnings results on May 3, 2016. The company reported $0.29 EPS for the quarter. Analyst had a consensus estimate of $0.29. The company had revenue of $139.30 million for the quarter, compared to analysts expectations of $140.30 million. The companys revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.

Company has reported several Insider transactions to the SEC, on Aug 8, 2016, A Brett Murphy (Group President, Commerical Op) sold 107,692 shares at 23.38 per share price.On Jan 6, 2016, Robert Liptak (director) sold 15,300 shares at 27.50 per share price.On Jan 6, 2016, Kurt Wheeler (director) sold 15,300 shares at 27.50 per share price.

Globus Medical, Inc. (NYSE:GMED) rose 0.61% or 0.17 points on Wednesday and made its way into the gainers of the day. After trading began at $28 the stock was seen hitting $28.27 as a peak level and $27.855 as the lowest level. The stock ended up at $28.21. The daily volume was measured at 677,102 shares. The 52-week high of the share price is $28.27 and the 52-week low is $19.25. The company has a market cap of $2,703 million.

Globus Medical, Inc. is a medical device company focused on the design, development and commercialization of products that promote healing in patients with spine disorders. The Companys products fall into one of two categories: innovative fusion or disruptive technologies. Its innovative fusion products address a broad range of spinal fusion surgical procedures. Its disruptive technology products include minimally invasive surgical, motion preservation and advanced biomaterials technologies. Globus Medical, Inc. is based in Audubon, Pennsylvania.

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