Zynex Q4 2023 GAAP EPS $0.040 Misses $0.170 Estimate, Sales $47.284M Miss $54.527M Estimate
Portfolio Pulse from Benzinga Newsdesk
Zynex reported Q4 2023 earnings of $0.040 per share, missing the consensus estimate of $0.170 by 76.47%. Quarterly sales were $47.284M, missing the estimate of $54.527M by 13.28%, marking a 3.12% decrease from the same period last year.
February 29, 2024 | 9:03 pm
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NEGATIVE IMPACT
Zynex missed Q4 2023 earnings and sales estimates, with a significant decrease in EPS and a slight decrease in sales compared to last year.
Missing both earnings and sales estimates significantly, especially with a 76.47% miss in EPS, is likely to negatively impact investor sentiment and stock price in the short term. The year-over-year decrease in sales further compounds the negative outlook, indicating potential challenges in growth or market conditions.
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IMPORTANCE 90
RELEVANCE 100