Globus Medical (GMED) Hits 52-Week High: What's Driving It? [Yahoo! Finance]
Globus Medical, Inc. Class A (GMED)
Last globus medical, inc. class a earnings: 2/20 04:15 pm
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US:NYSE Investor Relations:
investors.globusmedical.com
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Source: Yahoo! Finance
In the past year, this Zacks Rank #3 (Hold) stock has rallied 25.8% compared with the 12.1% growth of the industry and the S&P 500 composite's rise of 29.5%. Globus Medical has an expected 2024 sales growth rate of 57.8%. Earnings for the year are projected to increase by 20.7% compared with the industry's 13.3%. The company topped earnings estimates in each of the trailing four quarters, the average beat being 10.8%. Globus Medical is witnessing an upward trend in its stock price, prompted by the strategic NuVasive merger. The optimism led by the robust 2024 first-quarter performance, as well as a rapid cadence of product launches, is expected to contribute to the growth. However, the company faces concerns over adverse macroeconomic impacts and low demand for healthcare products. Let's delve deeper. Key Growth Drivers NuVasive Merger, a Strategic One: Globus Medical's merger with NuVasive aims to form a global musculoskeletal company focused on rapid innovation, addressin
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News
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- Here's Why Globus Medical (GMED) is a Strong Momentum Stock [Yahoo! Finance]Yahoo! Finance
- Here's Why You Should Retain Globus Medical (GMED) Stock Now [Yahoo! Finance]Yahoo! Finance
- Is Globus Medical, Inc. (NYSE:GMED) Trading At A 25% Discount? [Yahoo! Finance]Yahoo! Finance
GMED
Earnings
- 5/7/24 - Beat
GMED
Sec Filings
- 6/6/24 - Form 8-K
- 5/31/24 - Form SD
- 5/14/24 - Form 4
- GMED's page on the SEC website