Is Mazor Robotics Really on Track for Its Best Quarter Ever?

Is Mazor Robotics Really on Track for Its Best Quarter Ever?

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 – July 6, 2017

Mazor Robotics Ltd. (NASDAQ: MZOR) saw its shares make a handy gain on Thursday after the Israeli firm announced that it’s projecting it will report record revenues for the second quarter. It didn’t stop here. Mazor also said that it received a total of 19 purchase orders during the quarter as well, setting up for what could be its strongest quarter ever.

Currently the firm is expecting to see roughly $15.4 million in revenue for the second quarter, which compares to $8.3 million in the same period of last year. Obviously that’s incredible growth, but what do the analysts have to say?

Thomson Reuters consensus estimates are calling for only $12.36 million in this quarter, so Mazor might see a pretty solid beat. Even the highest revenue target among the six analysts covering Mazor is $13.45 million.

Looking at the bottom line, the firm didn’t give out any predictions, but the consensus estimate is $0.19 in earnings per share (EPS), versus last year’s $0.18 in EPS. Considering the ramp up in purchase orders, we might see this number come up in the weeks ahead of the report.

 

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