Mazor Robotics Ltd. (MZOR) Scheduled to Post Quarterly Earnings on Tuesday
Mazor Robotics Ltd. (NASDAQ:MZOR) will be announcing its earnings results before the market opens on Tuesday, November 7th. Analysts expect the company to announce earnings of ($0.22) per share for the quarter.
Mazor Robotics (NASDAQ:MZOR) last announced its quarterly earnings data on Tuesday, August 1st. The medical instruments supplier reported ($0.16) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.09. Mazor Robotics had a negative return on equity of 28.51% and a negative net margin of 37.66%. The firm had revenue of $15.46 million for the quarter, compared to the consensus estimate of $15.38 million. During the same quarter last year, the business posted ($0.09) earnings per share. The firm’s revenue was up 86.7% compared to the same quarter last year. On average, analysts expect Mazor Robotics to post $-0.94 EPS for the current fiscal year and $-0.57 EPS for the next fiscal year.
Shares of Mazor Robotics Ltd. (NASDAQ MZOR) traded up 6.74% during trading on Tuesday, reaching $64.10. The company had a trading volume of 837,795 shares. The firm’s 50 day moving average price is $51.05 and its 200 day moving average price is $41.65. Mazor Robotics Ltd. has a 12 month low of $20.19 and a 12 month high of $65.97. The firm’s market capitalization is $1.55 billion.
MZOR has been the topic of a number of analyst reports. Ladenburg Thalmann Financial Services set a $54.00 target price on Mazor Robotics and gave the company a “buy” rating in a report on Wednesday, August 30th. Zacks Investment Research upgraded Mazor Robotics from a “sell” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Tuesday, August 15th. Needham & Company LLC reiterated a “hold” rating on shares of Mazor Robotics in a report on Thursday, July 6th. Finally, Barclays PLC reiterated a “hold” rating and set a $34.00 target price on shares of Mazor Robotics in a report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $39.83.
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About Mazor Robotics
Mazor Robotics Ltd is an Israel-based medical device company that develops and markets surgical guidance systems and complementary products. It develops computerized and imaging-based systems in the field of spine surgery. Its products include: Renaissance Surgical Guidance System, which enables surgeons to advance from freehand surgical procedures to guided procedures, as well as Food and Drug Administration (FDA)-cleared and European Conformity (CE)-marked Renaissance System, used in spine surgeries, whether open or minimally invasive, for a number of clinical indications.
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