Globus Medical: Obtaining My Backing Again
Globus Medical is experiencing significant growth, with a 27% increase in Q1 sales and a 13% rise in base revenues. The company has also raised its full-year EPS guidance by $0.30, indicating strong operational performance. Current share valuations present an attractive entry point for investors as fundamentals remain solid.
- ▪Globus Medical reported a 27% increase in Q1 sales and a 13% rise in base revenues.
- ▪The company raised its full-year EPS guidance by $0.30 to a range of $4.70 to $4.80.
- ▪Shares are currently trading at 16–17 times earnings, with net cash of $800 million.
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