$107.38 Million in Sales Expected for Nevro Corp (NVRO) This Quarter
Equities research analysts expect that Nevro Corp (NYSE:NVRO) will announce sales of $107.38 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Nevro’s earnings, with estimates ranging from $106.10 million to $107.85 million. Nevro reported sales of $97.96 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.6%. The firm is expected to report its next quarterly earnings results after the market closes on Thursday, February 28th.
On average, analysts expect that Nevro will report full year sales of $386.26 million for the current fiscal year, with estimates ranging from $385.00 million to $387.13 million. For the next fiscal year, analysts anticipate that the business will post sales of $419.87 million, with estimates ranging from $414.92 million to $425.40 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Nevro.
A number of research firms recently weighed in on NVRO. UBS Group started coverage on shares of Nevro in a research report on Tuesday, November 27th. They set a “sell” rating and a $35.00 price target on the stock. Canaccord Genuity decreased their target price on shares of Nevro from $80.00 to $63.00 and set an “in-line” rating on the stock in a report on Tuesday, November 6th. They noted that the move was a valuation call. Northland Securities reiterated a “hold” rating and issued a $48.00 target price on shares of Nevro in a report on Friday, January 11th. Zacks Investment Research upgraded shares of Nevro from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Wednesday, January 9th. Finally, Morgan Stanley lowered shares of Nevro from an “equal” rating to a “weight” rating and decreased their target price for the company from $65.00 to $43.00 in a report on Tuesday, November 6th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $58.00.
NVRO opened at $47.51 on Friday. The stock has a market cap of $1.42 billion, a P/E ratio of -38.01 and a beta of 0.18. Nevro has a twelve month low of $34.75 and a twelve month high of $94.34. The company has a current ratio of 8.05, a quick ratio of 6.31 and a debt-to-equity ratio of 0.62.
Nevro Company Profile
Nevro Corp., a medical device company, provides products for the patients suffering from chronic pain in the United States and internationally. The company develops and commercializes the Senza spinal cord stimulation system, an evidence-based neuromodulation platform for the treatment of chronic pain.
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