CONMED (CNMD) Set to Announce Earnings on Wednesday

By Jennifer Langley

CONMED (NASDAQ:CNMD) is scheduled to be posting its Q315 quarterly earnings results on Wednesday, October 21st. Analysts expect CONMED to post earnings of $0.44 per share and revenue of $173.96 million for the quarter. CONMED has set its FY15 guidance at $1.82-1.92 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

CONMED (NASDAQ:CNMD) last issued its quarterly earnings results on Tuesday, July 21st. The medical technology company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.44 by $0.08. During the same period in the previous year, the firm earned $0.47 EPS. The firm earned $181 million during the quarter, compared to analysts’ expectations of $182.40 million. CONMED’s quarterly revenue was down 3.8% on a year-over-year basis. On average, analysts expect CONMED to post $1.83 EPS for the current fiscal year and $2.12 EPS for the next fiscal year.

Advertisement

CNMD has been the topic of several analyst reports. Ladenburg Thalmann upgraded CONMED from a “neutral” rating to a “buy” rating and set a $55.00 target price for the company in a report on Monday, October 12th. Needham & Company LLC reissued a “buy” rating and issued a $60.00 price target on shares of CONMED in a research report on Monday, October 5th. Deutsche Bank reaffirmed a “buy” rating and set a $71.00 target price on shares of CONMED in a research report on Thursday, July 23rd.

READ MORE HERE

Add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Keep Up to Date with the Most Important News

By pressing the Subscribe button, you confirm that you have read and are agreeing to our Privacy Policy and Terms of Use
Advertisement