-$0.36 Earnings Per Share Expected for Inspire Medical Systems (INSP) This Quarter
Wall Street brokerages expect Inspire Medical Systems (NASDAQ:INSP) to announce earnings of ($0.36) per share for the current quarter, Zacks reports. Two analysts have made estimates for Inspire Medical Systems’ earnings. The highest EPS estimate is ($0.33) and the lowest is ($0.37). The business is scheduled to report its next quarterly earnings report on Tuesday, November 6th.
According to Zacks, analysts expect that Inspire Medical Systems will report full year earnings of ($4.08) per share for the current year, with EPS estimates ranging from ($6.18) to ($1.98). For the next financial year, analysts forecast that the company will post earnings of ($1.33) per share, with EPS estimates ranging from ($1.39) to ($1.28). Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Inspire Medical Systems.
Inspire Medical Systems (NASDAQ:INSP) last posted its quarterly earnings data on Tuesday, August 7th. The company reported ($0.43) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.51) by $0.08. The firm had revenue of $10.94 million for the quarter, compared to analyst estimates of $9.30 million.
A number of large investors have recently bought and sold shares of INSP. Orbimed Advisors LLC acquired a new stake in Inspire Medical Systems in the second quarter worth $87,161,000. Millennium Management LLC acquired a new stake in Inspire Medical Systems in the second quarter worth $26,752,000. BlackRock Inc. acquired a new stake in Inspire Medical Systems in the second quarter worth $19,624,000. FMR LLC acquired a new stake in Inspire Medical Systems in the second quarter worth $11,340,000. Finally, Federated Investors Inc. PA bought a new position in shares of Inspire Medical Systems in the second quarter valued at $10,949,000.
Shares of INSP traded down $2.91 during trading hours on Monday, hitting $48.22. 115,300 shares of the stock were exchanged, compared to its average volume of 197,553. Inspire Medical Systems has a fifty-two week low of $22.50 and a fifty-two week high of $57.87.
About Inspire Medical Systems
Inspire Medical Systems, Inc, a medical technology company, focuses on the development and commercialization of minimally invasive solutions for patients with obstructive sleep apnea (OSA). It offers Inspire system, a neurostimulation technology that provides a safe and effective treatment for moderate to severe obstructive sleep apnea.
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