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Zacks Analyst Blog Highlights: Wright Medical Group, Inc., Zimmer Holdings Inc., Stryker Corp., Johnson & Johnson and Smith & Nephew plc.

Nov 02, 2009 4:00 PM CST

http://www.zacks.com/


CHICAGO-- (BUSINESS WIRE) -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Wright Medical Group, Inc. (Nasdaq: WMGI), Zimmer Holdings Inc. (NYSE: ZMH), Stryker Corp. (NYSE: SYK), Johnson & Johnson (NYSE: JNJ) and Smith & Nephew plc. (NYSE: SNN).

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Here are highlights from Friday’s Analyst Blog:

Wright Eclipses Zacks Estimate

Wright Medical Group, Inc. (Nasdaq: WMGI) reported third-quarter earnings per share of 19 cents, surpassing the Zacks Consensus Estimate of 9 cents. The company had earned 19 cents per share in the year-ago quarter.

Wright has provided guidance for the fourth quarter and fiscal 2009. For the fourth quarter, net sales are estimated between $122 and $127 million, representing an increase of roughly 2% to 6% from the year-ago period. Earnings per share is expected in the range of 22 to 26 cents.

For fiscal 2009, net sales should range between $480 and $485 million, increasing approximately 3% to 4% year over year. Earnings per share should be in the range of 80 to 84 cents.

Wright Medical is a global orthopedic devices company specializing in the design, manufacture, and marketing of reconstructive joint devices and bio-orthopedic materials. The orthopedic industry is highly competitive, and Wright Medical faces challenges from large players, such as Zimmer Holdings Inc. (NYSE: ZMH), Stryker Corp. (NYSE: SYK), Johnson & Johnson/De Puy (NYSE: JNJ), Smith & Nephew plc. (NYSE: SNN) and Biomet.

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About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

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About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=4580.

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Mark Vickery

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