Zynex: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Zynex (NASDAQ:ZYXI) reported Q4 earnings with an EPS of $0.04, missing estimates by -76.0% against an expected $0.17. Revenue decreased by $1.52 million from the previous year. Despite past quarters showing positive EPS surprises and subsequent share price increases, this quarter's performance fell short.
February 29, 2024 | 9:05 pm
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Zynex reported a significant miss in Q4 earnings with an EPS of $0.04 against an estimate of $0.17 and a revenue decrease of $1.52M from last year.
The significant miss in both EPS and revenue compared to estimates and last year's performance is likely to negatively impact investor sentiment and the stock price in the short term. Historical data shows that positive earnings surprises have led to share price increases for Zynex, suggesting that the inverse may occur following a negative surprise.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100