WARSAW, Ind., Dec. 05, 2024 (GLOBE NEWSWIRE) -- OrthoPediatrics Corp. (“OrthoPediatrics” or the “Company”) (Nasdaq: KIDS), a company focused exclusively on advancing the field of pediatric orthopedics today announced that the OrthoPediatrics Specialty Bracing (OPSB™) division is expanding its product offering with the launch of two new products including the OPSB Sensor System and MOVE-D™. The OPSB Sensor System represents the first sensor solution in OrthoPediatrics’ portfolio and an important step forward ...

OrthoPediatrics Corp. Reports Third Quarter 2024 Financial Results and Increases Full Year 2024 Revenue Guidance Record Third Quarter 2024 Revenue Increased 37% Year-over-Year WARSAW, Ind., November 6, 2024 -- OrthoPediatrics Corp. ("OrthoPediatrics" or the "Company") (Nasdaq: KIDS), a company focused exclusively on advancing the field of pediatric orthopedics, today announced its financial results for the third quarter ended September 30, 2024. Third Quarter 2024 and Recent Business Highlights • Helped a r ...

Company Overview - OrthoPediatrics Corp. is focused exclusively on advancing pediatric orthopedics, having been founded in 2006 [2] - The company has developed a comprehensive product offering with over 70 products targeting trauma and deformity, scoliosis, and sports medicine [2] - OrthoPediatrics distributes its products in the United States and over 70 countries globally [2] Upcoming Financial Results - OrthoPediatrics is scheduled to release its third quarter 2024 financial results on November 6, 2024, after market close [1] - A conference call to discuss the results will be held on November 7, 2024, at 8:00 a.m. ET [1] - Investors can access a live and archived webcast of the conference call on the company's website [1]

Core Viewpoint - OrthoPediatrics (KIDS) has faced significant selling pressure, resulting in a 15.7% decline in stock price over the past four weeks, but analysts anticipate better earnings than previously expected, indicating a potential turnaround for the stock [1]. Group 1: Stock Performance and Technical Indicators - KIDS shares have been heavily sold, with an RSI reading of 26.54, suggesting the stock is in oversold territory and may soon experience a reversal in trend [3]. - The Relative Strength Index (RSI) is a momentum oscillator that helps identify oversold conditions when the reading falls below 30, indicating potential entry opportunities for investors [2]. Group 2: Earnings Estimates and Analyst Sentiment - There has been a strong consensus among sell-side analysts to raise earnings estimates for KIDS, leading to a 4.2% increase in the consensus EPS estimate over the last 30 days, which typically correlates with price appreciation [4]. - KIDS holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, further supporting the potential for a near-term turnaround [4].

Core Points - Nickelodeon is launching the "Kids Pick the President" initiative, allowing children to vote for their preferred presidential candidate, with results to be revealed in a special airing on October 28 [2][3] - The initiative aims to engage kids in the electoral process and empower them to express their opinions on important issues [4][5] Group 1: Initiative Details - The "Kids Pick the President" poll is an informal, non-scientific survey designed for entertainment purposes [2] - Voting can be done at kidspickthepresident.com, where children can also download an "I Voted" badge and learn about candidates and the electoral process [4] - The special will be available on multiple platforms including Nickelodeon, Paramount+, YouTube, and Nick.com [3] Group 2: Educational and Social Impact - The initiative is part of Nickelodeon's broader "Our World" program, which aims to inspire kids and provide resources for civic engagement [6] - Nickelodeon has a history of addressing social issues and encouraging kids to be agents of change through various initiatives [8] - The special will feature kids sharing their perspectives on topics such as the economy, AI, and health, highlighting the importance of youth voices in democracy [5] Group 3: Production and Leadership - The special is produced by Nickelodeon Productions, overseen by key executives including Ashley Kaplan and Paul J Medford [7] - The initiative has been supported by various organizations, emphasizing collaboration in promoting media literacy and civic engagement [6] Group 4: Brand Positioning - Nickelodeon, celebrating its 45th year, is recognized as the number-one entertainment brand for kids, focusing on diverse programming and initiatives that prioritize children's voices [9]

Shares of OrthoPediatrics (KIDS) have been struggling lately and have lost 12.5% over the past week. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road. While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the future ...

Core Viewpoint - OrthoPediatrics (KIDS) shows potential for significant upside, with a mean price target of $42.17 indicating a 36.3% increase from its current price of $30.94, supported by positive earnings estimate revisions and analyst agreement [1][9][11] Price Targets - The average price target for KIDS is $42.17, with estimates ranging from a low of $34 to a high of $50, reflecting a standard deviation of $5.23, indicating variability among analysts [2] - The lowest estimate suggests a 9.9% increase, while the highest points to a 61.6% upside, highlighting the potential for significant price movement [2] Analyst Sentiment - Analysts exhibit strong agreement on KIDS' earnings prospects, with a positive trend in earnings estimate revisions, which historically correlates with stock price movements [4][9] - The Zacks Consensus Estimate for KIDS has increased by 4.2% over the last 30 days, indicating a favorable outlook [10] Zacks Rank - KIDS holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, suggesting a strong potential for upside [11]

Core Viewpoint - My Gym and Skechers have launched the first-ever Skechers Kids Month, providing engaging activities and promotions centered around the Skechers Hands Free Slip-ins® collection for children [1][2][6]. Group 1: Event Details - The Skechers Kids Month event runs until the end of September and includes various fun activities and giveaways at My Gym locations across North America [1][2]. - Families can participate in enter-to-win giveaways, receive exclusive digital coupons, and enjoy custom shoe coloring pages [3]. - The event features curriculum integration with My Gym's programs and immersive branding experiences throughout the gym [3][4]. Group 2: Addressing Family Needs - The partnership aims to alleviate the common challenge families face with shoe changes during My Gym classes, providing a hassle-free solution with Skechers Hands Free Slip-ins [4]. - This footwear solution simplifies the process for parents, allowing children to easily put on shoes without assistance [5]. Group 3: Expected Impact - The collaboration is anticipated to enhance brand awareness, attract new customers, and foster direct connections with families [6]. - The initiative is designed to create a relevant and engaging experience for young families, strengthening the relationship between the brands and their target audience [6]. Group 4: Company Background - My Gym has over 600 locations worldwide and has been a leader in children's fitness for over 40 years, offering programs that promote physical development [7]. - Skechers, a Fortune 500® company, designs and markets a wide range of footwear and accessories available in 180 countries, with approximately 5,200 retail stores [8].

Core Viewpoint - OrthoPediatrics Corp. has launched its Enabling Technologies division to address unmet pediatric needs in orthopedics, positioning the company at the forefront of pediatric digital health and enabling technologies sectors [1] Company Developments - The Enabling Technologies division is led by Kevin Unger and aims to differentiate OrthoPediatrics' core business, generate sustainable revenue growth, and access new markets beyond orthopedics [3] - The company has made significant advancements with the distribution of the 7D Flash Navigation System and a collaboration with 3D Side, S.A. for patient-specific cutting guides, laying a strong foundation for the new division [4] - OrthoPediatrics is set to launch two groundbreaking technology platforms: Playbook, a surgical workflow and outcome optimization platform, and Robotic-Assistance for Cochlear Implant Technology, in partnership with iotaMotion, Inc. [5][6] Recent Innovations - The company received the "Breakthrough Device" designation from the FDA for its eLLi surgical device, designed to address severe pathology associated with early onset scoliosis (EOS) [7] - Earlier this year, OrthoPediatrics launched the RESPONSE Rib and Pelvic Fixation system to treat children with EOS, marking its first solution for patients at risk of thoracic insufficiency syndrome [8] Industry Prospects - The global pediatric orthopedic devices market was valued at $3.83 billion in 2023 and is projected to grow at a CAGR of 11.0% from 2024 to 2030, driven by increased awareness of orthopedic conditions in children and innovations in device technology [9][10]

Core Insights - OrthoPediatrics Corp. has launched its Enabling Technologies division to address unmet pediatric needs in orthopedics and expand into digital health and advanced technology [1][3] - The new division aims to differentiate the company's core business, generate sustainable revenue growth, and access new markets beyond orthopedics [1] Product Innovations - The company has made significant advancements with the 7D Flash™ Navigation System and a partnership with 3D Side, S.A. for patient-specific cutting guides, laying a strong foundation for the new division [2] - Upcoming technology platforms include: - Playbook: A surgical workflow and outcome optimization platform designed to enhance surgical planning and execution [2] - Robotic-Assistance for Cochlear Implant Technology: A partnership with iotaMotion, Inc. to develop a robotic-assisted insertion system for cochlear implant surgeries, providing greater control and precision [2] Leadership and Vision - CEO David Bailey expressed enthusiasm for the new division, highlighting its potential to positively impact children's lives and create long-term growth opportunities [3] - The company aims to position itself at the forefront of pediatric digital health and enabling technologies sectors [3] Company Background - Founded in 2006, OrthoPediatrics focuses exclusively on pediatric orthopedics, offering over 70 products across trauma, deformity, scoliosis, and sports medicine categories [4] - The company distributes its products in the United States and over 70 countries globally [4]