Wall Street analysts expect Glaukos (GKOS) to post quarterly loss of $0.43 per share in its upcoming report, which indicates a year-over-year increase of 31.8%. Revenues are expected to be $100.75 million, up 22.3% from the year-ago quarter.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific Glaukos metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts' assessment points toward 'Revenues- Corneal Health' reaching $21.53 million. The estimate indicates a change of -1.2% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenues- Glaucoma' should come in at $79.53 million. The estimate indicates a change of +31.3% from the prior-year quarter.
The average prediction of analysts places 'Revenues- Glaucoma- United States' at $54.32 million. The estimate indicates a year-over-year change of +40.3%.
The consensus estimate for 'Revenues- Corneal Health- United States' stands at $19.10 million. The estimate indicates a year-over-year change of -3%.
Analysts predict that the 'Revenues- International' will reach $27.40 million. The estimate suggests a change of +14.3% year over year.
It is projected by analysts that the 'Revenues- United States' will reach $73.43 million. The estimate points to a change of +25.7% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Revenues- Glaucoma- International' of $25.05 million. The estimate points to a change of +14.6% from the year-ago quarter.
View all Key Company Metrics for Glaukos here>>>
Glaukos shares have witnessed a change of -2% in the past month, in contrast to the Zacks S&P 500 composite's +4.7% move. With a Zacks Rank #3 (Hold), GKOS is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Glaukos Corporation (GKOS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.