Greatbatch Earnings Preview
Greatbatch (NYS: GB) beat estimates by $0.07 last quarter and investors are hoping it can beat them again. The company will unveil its latest earnings on Thursday, Feb. 23. Greatbatch is a developer and manufacturer of critical products used in medical devices for the cardiac rhythm management, neuromodulation, vascular, orthopedic, and interventional radiology markets.
What analysts say:
- Buy, sell, or hold?: Analysts are bullish on Greatbatch, as three analysts rate it as a buy and only one analyst rates it as a sell. Analysts don't like Greatbatch as much as competitor Spectranetics overall.
- Revenue forecasts: On average, analysts predict $139.8 million in revenue this quarter. That would represent a rise of 5% from the year-ago quarter.
- Wall Street earnings expectations: The average analyst estimate is earnings of $0.39 per share. Estimates range from $0.38 to $0.40.
What our community says:
CAPS All-Stars are enthusiastically backing the stock, with 88.5% awarding it an outperform rating. Most of the community is in line with the All-Stars, with 87.2% granting it a rating of outperform. The bullish CAPS rating of five out of five stars for Greatbatch outpaces Fool enthusiasm for the company.
Revenue has now gone up for three straight quarters.
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At the time this article was published
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