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Globus Medical (GMED) Earnings Date, Estimates & Call Transcripts

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$82.63 +0.69 (+0.84%)
(As of 12/20/2024 05:45 PM ET)

Globus Medical Latest Earnings Summary

Actual EPS
(Nov. 5)
$0.83 Beat By $0.18
Consensus EPS
(Nov. 5)
$0.65

Globus Medical posted Q3 2024 earnings on November 5, 2024, reporting an EPS of $0.83, which topped analysts' consensus estimates of $0.65 by $0.18. Quarterly revenue rose 63.1% year-over-year to $625.71 million, above analyst estimates of $604.69 million. With a trailing EPS of $0.67 and a P/E Ratio of 123.33, Globus Medical's earnings are expected to grow 16.16% next year, from $2.97 to $3.45 per share.

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GMED Earnings Estimates and Actuals by Quarter

The chart below shows up to four years of a company's earnings history. The dark blue line represents the company's actual earnings per share. The light blue area represents the range of Wall Street analysts' earnings estimates for each quarter.

GMED Estimated and Actual Revenue by Quarter

The chart below shows up to four years of a company's revenue history. The dark blue line represents the company's actual revenue. The light blue line represents the company's estimated revenue based on the consensus of Wall Street analysts for each quarter.

Globus Medical Analyst EPS Estimates

QuarterNumber of EstimatesLow EstimateHigh EstimateAverage EstimateCompany Guidance
Q1 20242$0.49$0.56$0.53 
Q2 20242$0.68$0.73$0.71 
Q3 20242$0.63$0.65$0.64 
Q4 20242$0.70$0.79$0.75 
FY 20248$2.50$2.73$2.62 
Q1 20252$0.75$0.80$0.78 
Q2 20252$0.84$0.85$0.85 
Q3 20252$0.84$0.88$0.86 
Q4 20252$0.82$0.96$0.89 
FY 20258$3.25$3.49$3.37 
Q1 20261$1.02$1.02$1.02 
Q2 20261$0.98$0.98$0.98 
Q3 20261$1.01$1.01$1.01 

Globus Medical Earnings History by Quarter

DateQuarterConsensus EstimateReported EPSBeat/MissGAAP EPSRevenue EstimateActual RevenueDetails
11/5/2024Q3 2024$0.65$0.83+$0.18$1.28$604.69M$625.71M
8/6/2024Q2 2024$0.68$0.75+$0.07$1.27$615.33M$629.69M
5/7/2024Q1 2024$0.55$0.72+$0.17$1.49$586.82M$606.67M
2/20/2024Q4 2023$0.59$0.60+$0.01$1.09$608.21M$616.53M
11/7/2023Q3 2023$0.54$0.57+$0.03$1.13$306.78M$383.60M
8/3/2023Q2 2023$0.60$0.63+$0.03$0.69$279.54M$291.62M
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5/4/2023Q1 2023$0.51$0.53+$0.02$0.58$254.05M$276.90M
2/21/2023Q4 2022$0.55$0.59+$0.04$0.69$276.40M$274.50M

Globus Medical Earnings - Frequently Asked Questions

Globus Medical (NYSE:GMED) last announced its quarterly earning data on Tuesday, November 5, 2024. Learn more on GMED's earnings history.

Globus Medical updated its FY 2024 earnings guidance on Tuesday, November, 5th. The company provided earnings per share guidance of 2.900-3.000 for the period, compared to the consensus earnings per share estimate of 2.850. The company issued revenue guidance of $2.5 billion-$2.5 billion, compared to the consensus revenue estimate of $2.5 billion.

In the previous quarter, Globus Medical (NYSE:GMED) reported $0.83 earnings per share (EPS) to beat the analysts' consensus estimate of $0.65 by $0.18. Learn more on analysts' earnings estimate vs. GMED's actual earnings.

The conference call for Globus Medical's latest earnings report can be listened to online.
Listen to Conference Call

The conference call transcript for Globus Medical's latest earnings report can be read online.
Read Transcript

Globus Medical (NYSE:GMED) has a recorded annual revenue of $2.48 billion.

Globus Medical (NYSE:GMED) has a recorded net income of $122.87 million. GMED has generated $0.67 earnings per share over the last four quarters.

Globus Medical (NYSE:GMED) has a trailing price-to-earnings ratio of 123.33 and a forward price-to-earnings ratio of 27.82. The price/earnings-to-growth ratio is 1.99.

Globus Medical's earnings are expected to grow from $2.97 per share to $3.45 per share in the next year, which is a 16.16% increase.

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This page (NYSE:GMED) was last updated on 12/22/2024 by MarketBeat.com Staff
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