Zynex Sees Q1 EPS $0.03+ vs $0.04 Est., Revenue $47.5M+ vs $47.74M Est.; Sees FY24 EPS $0.50+ vs $0.54 Est., Net Revenue $227M+ vs $232.85M Est.
Portfolio Pulse from Benzinga Newsdesk
Zynex forecasts Q1 EPS of $0.03+, below the estimate of $0.04, and revenue of $47.5M+, slightly below the $47.74M estimate. For FY24, it expects EPS of $0.50+, under the $0.54 estimate, with net revenue of $227M+, below the $232.85M estimate.
February 29, 2024 | 9:34 pm
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NEGATIVE IMPACT
Zynex forecasts lower-than-expected Q1 and FY24 earnings and revenue, indicating potential short-term pressure on its stock price.
Zynex's announcement of lower-than-expected earnings and revenue for both Q1 and FY24 compared to analyst estimates could lead to negative investor sentiment in the short term. This is because financial performance below market expectations often results in a decrease in stock price as investors adjust their valuation of the company based on the new information.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100