Wright Medical Group Earnings Preview: Can This Streak Continue?

Wright Medical Group (NASDAQ:WMGI) will report earnings after markets close on Tuesday, April 30th. Wright Medical Group, Inc., an orthopedic device company, specializes in the design, manufacture, and marketing of reconstructive joint devices and bio-orthopedic materials. The Company’s joint devices are used to replace knee, hip, and other joints that have deteriorated through disease or injury.

Here is your Cheat Sheet to Wright Medical Group Earnings:

Earnings Expectations: Analysts expect earnings of $-0.05 per share on revenues of $121.28 million. Currently, the company’s P/E ratio stands at 171.25.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.02 to a loss $0.09. For the current year, the average estimate is a loss of $0.29, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Wright Medical Group has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 465.55 487.51 518.97 512.95 483.78
Diluted EPS ($) 0.09 0.32 0.47 -0.13 0.14

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 126.87 126.66 123.28 110.36 123.48
Diluted EPS ($) 0.0303 0.12 0.02 -0.14 0.1330

Past Performance:
Wright Medical Group has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)