Earnings Outlook For RadNet
Portfolio Pulse from Benzinga Insights
RadNet (NASDAQ:RDNT) is scheduled to release its quarterly earnings report on 2024-03-01, with analysts estimating an EPS of $0.16. The company's past performance shows a mix of earnings beats and misses, with the last quarter beating EPS estimates by $0.08, leading to a 2.61% share price increase the following day. Shares are currently trading at $37.53, up 49.7% over the last 52 weeks, indicating a positive outlook from long-term shareholders.
February 29, 2024 | 2:00 pm
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RadNet is expected to report an EPS of $0.16 for the upcoming quarter, with a history of mixed earnings performance but a positive trend in share price over the last 52 weeks.
Given RadNet's history of beating EPS estimates and the subsequent positive impact on its share price, as well as the overall 49.7% increase in share price over the last year, it's likely that a positive earnings report could lead to a short-term increase in RDNT's stock price. The anticipation of positive guidance for the next quarter further supports this outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100