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Wright Medical Group Earnings Preview For Nov, 2013

Wright Medical Group Company Logo Image

Wright Medical Group, Inc. (WMGI)

Background: Wright Medical Group, Inc., an orthopedic medical device company, engages in the design, manufacture, and marketing of devices and biologic products for the extremity, hip, and knee repair and reconstruction. The company also provides surgical solutions for the foot and ankle market.

Wright Medical is forecast to report WEAK third-quarter earnings after the market closes on November 4, 2013.

The consensus estimate is currently losing 18 cents a share, falling 16 cents (-800%) from losing two cents during the same period last year. Analysts are estimating as low as losing 24 cents per share, up to the most optimistic estimate of losing 16 cents per share.

Analysts as a whole like this company. Currently, Wright Medical has 8 buy recommendations out of 15 analysts covering the company, along with 7 holds, and zero sell ratings. New investors from a year ago are happy, and analysts rating this company a buy have called it correctly. The shares have moves higher 35% over the last 52 weeks. Analysts are calling for a price target of $29.54.

Short interest over 10% should give pause to investors looking at this company. The current percentage of the float short is 15.4%.
 

 

(WMGI)

(SYK)

(ZMH)

Strong Buy

4

8

8

Moderate Buy

4

7

6

Hold

7

13

14

Avg Analyst Price Target

$29.54

$77.27

$92.79

Revenue

$238.46 million

$8.99 billion

$4.60 billion

Est Low EPS

-0.24

1.19

1.55

Est High EPS

-0.16

1.25

1.65

1 Year Stock Price Change

31.22%

39.61%

34.58%

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Stock Tickers: WMGI SYK ZMH Author Disclosure: n/a
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