For Immediate Release
Chicago, IL – November 2, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Wright Medical Group, Inc. (WMGI), Zimmer Holdings Inc. (ZMH), Stryker Corp. (SYK), Johnson & Johnson (JNJ) and Smith & Nephew plc. (SNN).
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Here are highlights from Friday’s AnalystBlog:
Wright Eclipses Zacks Estimate
Wright Medical Group, Inc. (WMGI) reported third-quarter earnings per share of 19 cents, surpassing the Zacks Consensus Estimate of 9 cents. The company had earned 19 cents per share in the year-ago quarter.
Wright has provided guidance for the fourth quarter and fiscal 2009. For the fourth quarter, net sales are estimated between $122 and $127 million, representing an increase of roughly 2% to 6% from the year-ago period. Earnings per share is expected in the range of 22 to 26 cents.
For fiscal 2009, net sales should range between $480 and $485 million, increasing approximately 3% to 4% year over year. Earnings per share should be in the range of 80 to 84 cents.
Wright Medical is a global orthopedic devices company specializing in the design, manufacture, and marketing of reconstructive joint devices and bio-orthopedic materials. The orthopedic industry is highly competitive, and Wright Medical faces challenges from large players, such as Zimmer Holdings Inc. (ZMH), Stryker Corp. (SYK), Johnson & Johnson/De Puy (JNJ), Smith & Nephew plc. (SNN) and Biomet.
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