Earnings Preview: Zynex
Portfolio Pulse from Benzinga Insights
Zynex (NASDAQ:ZYXI) is scheduled to release its quarterly earnings report on Thursday, 2024-02-29, with analysts expecting an EPS of $0.17. The company's past performance shows a trend of beating EPS estimates, leading to positive stock price movements. Shares are currently trading at $13.74, reflecting an 8.01% increase over the last 52 weeks. Investors are looking forward to not only the earnings results but also the company's guidance for future growth.
February 28, 2024 | 5:01 pm
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Zynex is expected to report an EPS of $0.17 for the quarter, with a history of beating estimates and positive stock price reactions following earnings announcements. Shares have risen 8.01% over the last year.
Given Zynex's history of exceeding EPS estimates and the subsequent positive impact on its stock price, it's likely that a similar outcome could occur if the company beats the current EPS estimate of $0.17. The anticipation of positive guidance for future growth could further bolster investor confidence and drive the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100