NuVasive 2Q Earnings Pregame Scorecard

FOXBusiness

Having beaten analysts' expectations in each of the last five quarters, NuVasive (NASDAQ:NUVA) will announce on Wednesday whether the streak is alive or snapped.

Expectations

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Analysts currently expect NuVasive to come in with earnings of 12 cents per share on revenues of $154.2 million. Analysts gave estimates ranging from earnings per share to earnings per share. The average estimate has shown no movement over the last three months.

Stock Movement

In terms of price changes, the stock's best recent streak was when it gained $2.70 per share between June 13, 2012 and June 19, 2012. Looking at change over the last three months, from April 23, 2012 and July 18, 2012, the stock price is up $8.21 (51.2%), from $16.02 to $24.23.

Company Fundamental Trends The company enters this earnings announcement with substantial revenue momentum. The company has averaged year-over-year revenue growth of 14.9% over the last four quarters. The company will want to build on positive signs from last quarter during the upcoming earnings season. The company suffered losses in the third quarter of the last fiscal year and the fourth quarter of the last fiscal year, but finished on a high note with income of $673,000 in the first.

Stock Ratings

Analysts are bullish on the stock as 15 analysts rate it as a buy and there are no sell ratings. Analyst sentiment has been waning recently, as the average rating has dropped slightly over the past three months.

Last Quarter's Results

In the first quarter, profit fell 71.5% to $673,000 (2 cents a share) from $2.4 million (6 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 21.9% to $151.7 million from $124.5 million.

Summary

Reporting Period: 2Q

Date of Release: Wednesday, July 25, 2012

EPS: 12 cents

Revenue Estimate: $154.2 million

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)