Hanger Orthopedic Shares Plunged: What You Need to Know

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Hanger Orthopedic (NYSE: HGR  ) plummeted more than 20% in early trading after issued worse-than-expected fourth-quarter guidance. The stock closed off 15.7%.

So what: Third-quarter earnings came in a penny ahead of expectations at $0.46 on $235.2 million in revenue, about $2.5 million short of estimates.

Now what: For Q4, the prosthetic-device specialist expects to earn $0.49 to $0.52 in profit on $243 million to $247 million in revenue. Analysts, by contrast, had been projecting $0.58 a share on $261.9 million in sales. Does the miss matter? Would you buy shares of Hanger Orthopedic at current prices? Please weigh in using the comments box below.

Interested in more information about Hanger Orthopedic? Add it to your watchlist.

Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team. He didn't own shares in any of the companies mentioned at the time of publication. Check out Tim's portfolio holdings and Foolish writings, or connect with him on Google+ or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.

Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 1578702, ~/Articles/ArticleHandler.aspx, 4/1/2015 2:11:27 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...