Financial

Alphatec Holdings (ATEC) Set to Announce Quarterly Earnings on Tuesday

By Samantha Reynolds

Alphatec Holdings (NASDAQ:ATEC) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, November 3rd. Analysts expect the company to announce earnings of ($0.04) per share for the quarter.

Alphatec Holdings (NASDAQ:ATEC) last issued its quarterly earnings results on Tuesday, August 4th. The medical technology company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by $0.02. The firm had revenue of $46.60 million for the quarter, compared to analyst estimates of $51.90 million. On average, analysts expect Alphatec Holdings to post $-0.10 EPS for the current fiscal year and $-0.05 EPS for the next fiscal year.

Several analysts have recently weighed in on ATEC shares. Zacks upgraded shares of Alphatec Holdings from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Canaccord Genuity downgraded shares of Alphatec Holdings from a “buy” rating to a “hold” rating and dropped their target price for the stock from $2.50 to $1.00 in a research note on Wednesday, August 5th. They noted that the move was a valuation call.

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