Zacks: Analysts Expect Nevro Corp (NVRO) Will Post Earnings of -$0.34 Per Share

Wall Street brokerages predict that Nevro Corp (NYSE:NVRO) will report earnings of ($0.34) per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Nevro’s earnings, with estimates ranging from ($0.49) to ($0.17). Nevro posted earnings of ($0.50) per share in the same quarter last year, which suggests a positive year over year growth rate of 32%. The firm is expected to report its next quarterly earnings report on Monday, May 14th.

According to Zacks, analysts expect that Nevro will report full year earnings of ($0.76) per share for the current financial year, with EPS estimates ranging from ($1.50) to ($0.25). For the next fiscal year, analysts expect that the business will report earnings of $0.01 per share, with EPS estimates ranging from ($0.48) to $0.52. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Nevro.

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Nevro (NYSE:NVRO) last released its quarterly earnings results on Thursday, February 22nd. The medical equipment provider reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.01). The company had revenue of $97.96 million during the quarter, compared to analysts’ expectations of $96.87 million. Nevro had a negative net margin of 11.22% and a negative return on equity of 15.01%. Nevro’s revenue was up 38.9% on a year-over-year basis. During the same period last year, the firm posted ($0.34) earnings per share.

A number of equities research analysts have recently issued reports on NVRO shares. BMO Capital Markets reissued a “buy” rating and issued a $100.00 price target on shares of Nevro in a research note on Thursday, December 14th. ValuEngine raised shares of Nevro from a “sell” rating to a “hold” rating in a research note on Monday, April 2nd. Goldman Sachs started coverage on shares of Nevro in a research note on Wednesday, April 4th. They issued a “neutral” rating and a $83.00 price target on the stock. Finally, Zacks Investment Research downgraded shares of Nevro from a “hold” rating to a “sell” rating in a research note on Wednesday, February 28th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $97.44.

In related news, CFO Andrew H. Galligan sold 7,000 shares of Nevro stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $80.10, for a total value of $560,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Wilfred E. Jaeger sold 160,542 shares of Nevro stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $80.77, for a total transaction of $12,966,977.34. Following the completion of the transaction, the director now owns 1,518 shares of the company’s stock, valued at approximately $122,608.86. The disclosure for this sale can be found here. Insiders sold 234,116 shares of company stock valued at $18,913,822 in the last 90 days. Company insiders own 9.10% of the company’s stock.

Several hedge funds have recently made changes to their positions in NVRO. New York State Common Retirement Fund grew its holdings in shares of Nevro by 13.2% in the third quarter. New York State Common Retirement Fund now owns 118,249 shares of the medical equipment provider’s stock valued at $10,746,000 after purchasing an additional 13,754 shares in the last quarter. Rhumbline Advisers grew its holdings in Nevro by 5.5% during the 3rd quarter. Rhumbline Advisers now owns 33,235 shares of the medical equipment provider’s stock worth $3,020,000 after acquiring an additional 1,744 shares in the last quarter. American International Group Inc. grew its holdings in Nevro by 8.1% during the 3rd quarter. American International Group Inc. now owns 18,579 shares of the medical equipment provider’s stock worth $1,688,000 after acquiring an additional 1,389 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Nevro by 22.6% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 130,642 shares of the medical equipment provider’s stock worth $11,873,000 after acquiring an additional 24,044 shares in the last quarter. Finally, Royce & Associates LP grew its holdings in Nevro by 71.4% during the 3rd quarter. Royce & Associates LP now owns 24,000 shares of the medical equipment provider’s stock worth $2,181,000 after acquiring an additional 10,000 shares in the last quarter.

Nevro stock opened at $86.52 on Friday. Nevro has a 1 year low of $65.00 and a 1 year high of $97.70. The company has a debt-to-equity ratio of 0.58, a current ratio of 7.61 and a quick ratio of 5.91.

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Nevro Company Profile

Nevro Corp. is a global medical device company. The Company focuses on providing products that improve the quality of life of patients suffering from chronic pain. The Company has developed and commercialized the Senza spinal cord stimulation (SCS) system, an evidence-based neuromodulation platform for the treatment of chronic pain.

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Earnings History and Estimates for Nevro (NYSE:NVRO)

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