Globus Medical, Inc. (GMED) A Cheap Robotics Stock Firing on Earnings and Revenue Growth

Globus Medical, Inc. (NYSE:GMED) is one of the cheap robotics stocks to buy right now. On May 18, Citizens reiterated a Market Perform rating on Globus Medical (NYSE:GMED) on first-quarter results exceeding expectations.

Globus Medical, Inc. (GMED) A Cheap Robotics Stock Firing on Earnings and Revenue Growth

The impressive results were characterized by 27% overall revenue growth and record earnings. Organic revenue was up 13%, driven by share gains and procedural volume strength in core spine. Consequently, worldwide revenues totaled $759.9 million, as base business net sales excluding Nevro totaled $677.2 million.

Robust revenue growth came as Globus Medical’s Musculoskeletal Solutions and Enabling Tech segments achieved broad-based growth in the quarter. Revenue in the Spine channel was up 10%, marking the third consecutive quarter of 10% growth. Net income in the quarter totaled $124.3 million as diluted earnings per share increased 64.7% to $1.12.

Earnings beat estimates by 22%, driven by higher sales. International Spine revenue was also up by 10%. For the full year, Globus Medical expects revenue to range between $3.18 billion and $3.33 billion. It has also updated its non-GAAP diluted EPS to between $4.70 and $4.80, up from the previous guidance of $4.40 to $4.50.

Globus Medical, Inc. (NYSE:GMED) develops advanced surgical robotics and navigation platforms designed to improve the accuracy, safety, and efficiency of orthopedic, spinal, and cranial procedures. Their technology acts as a “third hand” for surgeons, combining rigid robotic arms with real-time tracking.

While we acknowledge the risk and potential of GMED as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GMED and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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