Zacks: Brokerages Anticipate Inspire Medical Systems (INSP) Will Announce Earnings of -$0.36 Per Share

Analysts predict that Inspire Medical Systems (NASDAQ:INSP) will report earnings of ($0.36) per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Inspire Medical Systems’ earnings, with estimates ranging from ($0.37) to ($0.33). The company is expected to issue its next quarterly earnings report on Tuesday, November 6th.

According to Zacks, analysts expect that Inspire Medical Systems will report full year earnings of ($4.08) per share for the current year, with EPS estimates ranging from ($6.18) to ($1.98). For the next financial year, analysts forecast that the firm will post earnings of ($1.33) per share, with EPS estimates ranging from ($1.39) to ($1.28). Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Inspire Medical Systems.

Inspire Medical Systems (NASDAQ:INSP) last posted its quarterly earnings results on Tuesday, August 7th. The company reported ($0.43) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.51) by $0.08. The company had revenue of $10.94 million during the quarter, compared to analyst estimates of $9.30 million.

A number of research firms have recently weighed in on INSP. Zacks Investment Research downgraded shares of Inspire Medical Systems from a “buy” rating to a “hold” rating in a research note on Thursday, August 9th. Stifel Nicolaus began coverage on shares of Inspire Medical Systems in a research note on Tuesday, May 29th. They issued a “buy” rating and a $42.00 price target on the stock. Guggenheim began coverage on shares of Inspire Medical Systems in a research note on Tuesday, May 29th. They issued a “buy” rating and a $40.00 price target on the stock. Goldman Sachs Group began coverage on shares of Inspire Medical Systems in a research note on Tuesday, May 29th. They issued a “neutral” rating and a $25.00 price target on the stock. Finally, Bank of America began coverage on shares of Inspire Medical Systems in a research note on Tuesday, May 29th. They issued a “neutral” rating and a $36.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $38.17.

Shares of NASDAQ INSP traded down $2.91 during mid-day trading on Monday, reaching $48.22. The company had a trading volume of 115,300 shares, compared to its average volume of 197,553. Inspire Medical Systems has a twelve month low of $22.50 and a twelve month high of $57.87.

A number of institutional investors have recently bought and sold shares of INSP. Hodges Capital Management Inc. acquired a new position in Inspire Medical Systems during the second quarter worth $4,176,000. Massachusetts Financial Services Co. MA acquired a new position in Inspire Medical Systems during the second quarter worth $4,457,000. Gilder Gagnon Howe & Co. LLC acquired a new stake in shares of Inspire Medical Systems in the second quarter valued at about $5,010,000. Jennison Associates LLC acquired a new stake in shares of Inspire Medical Systems in the second quarter valued at about $3,185,000. Finally, Wasatch Advisors Inc. acquired a new stake in shares of Inspire Medical Systems in the second quarter valued at about $1,065,000.

About Inspire Medical Systems

Inspire Medical Systems, Inc, a medical technology company, focuses on the development and commercialization of minimally invasive solutions for patients with obstructive sleep apnea (OSA). It offers Inspire system, a neurostimulation technology that provides a safe and effective treatment for moderate to severe obstructive sleep apnea.

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