Alphatec Holdings, Inc. (NASDAQ:ATEC) is set to announce third quarter earning results on Thursday 5th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, ATEC to report 3Q20 loss of $ 0.24 per share.
For the full year, analysts anticipate top line of $ 140.14 million, while looking forward to loss of $ 1.04 per share bottom line.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 40.70 million ~ $ 41.10 million
Full Year 2020 topline are forecasted in a range of$ 130.00 million ~ $ 134.00 million
Click Here For More Historical Outlooks Of Alphatec Holdings, Inc.
Previous Quarter Performance
Alphatec Holdings, Inc. posted loss for the second quarter of $ 0.25 per share, from the revenue of $ 29.63 million. The quarterly revenues gained 8.46 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.29 per share from $ 16.35 million in revenue. The bottom line results beat street analysts by $ 0.04 or 13.79 percent, at the same time, top line results outshined analysts by $ 13.28 million or 81.22 percent.
Stock Performance
Shares of Alphatec Holdings, Inc. traded low $ -0.05 or -0.54 percent on Wednesday, reaching $ 9.29 with volume of 771.50 thousand shares. Alphatec Holdings, Inc. has traded high as $ 9.68 and has cracked $ 9.01 on the downward trend
The closing price of $ 9.29, representing a 326.48 % increase from the 52 week low of $ 2.19 and a 17.93 % decrease over the 52 week high of $ 11.38.
The company has a market capital of $ 721.81 million and is part of the Healthcare sector and Medical Instruments & Supplies industry.
Recent Analyst recommendations
- On 12th October 2020, maintained by HC Wainwright at Buy rating, with $ 12.00 target price.
- On 8th October 2020, maintained by Canaccord Genuity at Buy rating, with $ 12.00 target price.
Conference Call
Alphatec Holdings, Inc. will be hosting a conference call at 4:30 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.atecspine.com
Alphatec Holdings, Inc., a medical technology company, designs, develops, and markets products for the surgical treatment of spine disorders. The company offers MIS products consisting of Battalion Lateral Spacer System and Squadron Lateral Retractor, and Illico Minimally Invasive Surgery System; and thoracolumbar fixation products, such as Arsenal Degenerative, Arsenal Deformity, Arsenal CBx Cortical Bone Fixation, and Zodiac Degenerative Spinal Fixation Systems. It also provides cervical and cervico-thoracic products, including Trestle Luxe Anterior Cervical Plate System, and Solanas Posterior Cervico/Thoracic Fixation System and Avalon Occipital Plate; and interbody systems, such as Battalion Universal Spacer System, Novel PEEK and Titanium Spinal Spacers, and Alphatec Solus Locking ALIF Spinal Spacer.
