ResMed's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
ResMed (NYSE:RMD) is set to release its latest quarterly earnings report on August 3, 2023. Analysts estimate an earnings per share (EPS) of $1.67. The company's past performance shows it beat EPS estimates last quarter, resulting in a 6.95% increase in share price. However, ResMed's shares have been down 6.46% over the last 52-week period.
August 04, 2023 | 11:48 am
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NEUTRAL IMPACT
ResMed's upcoming earnings report could potentially impact its stock price. The company's past performance shows a positive correlation between beating EPS estimates and share price increase. However, the overall 52-week performance has been negative.
ResMed's stock price could be influenced by its upcoming earnings report. If the company beats the EPS estimate as it did last quarter, the stock price may increase. However, the overall negative performance over the last 52 weeks could also impact investor sentiment and the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100