Company Overview - CONMED Corporation is a major medical products manufacturer specializing in surgical instruments and devices for minimally invasive procedures and monitoring [11] - The company is headquartered in Utica, N.Y., employs approximately 3,600 people, and operates several manufacturing facilities [11] Investment Insights - CONMED has a Zacks Rank of 3 (Hold) and a VGM Score of A, indicating a solid overall rating [11] - The company has a Momentum Style Score of B, with shares increasing by 10% over the past four weeks [12] - Six analysts have revised their earnings estimates higher for fiscal 2024, with the Zacks Consensus Estimate increasing by $0.04 to $4.03 per share [12] - CONMED has an average earnings surprise of 3.7%, suggesting a positive outlook for earnings performance [12] Style Scores and Zacks Rank - The Zacks Rank and Style Scores are designed to help investors identify stocks with the best chances of outperforming the market [6][9] - Stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B are recommended for higher probability of success [9][10]
Conmed (CNMD) is a Top-Ranked Momentum Stock: Should You Buy?