Zacks downgrades Entellus Medical to ‘hold’: 4 thoughts

Zacks Investment Research lowered its rating of Entellus Medical from “buy” to “hold” on Oct. 5, BBNS reports.

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Here’s what you need to know.

 

1. The company released its earnings on Aug. 3. It had a $0.27 earnings per share for the quarter, which was significantly lower than Thomson Reuters’ $0.35 EPS estimate.

 

2. Four research analysts gave Entellus a “buy” rating.

 

3. During the quarter, Entellus earned $18.73 million.

 

4. Revenue was also up 23.3 percent on a year-over-year basis.

 

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