Myomo Earnings Preview
Portfolio Pulse from Benzinga Insights
Myomo (AMEX:MYO) is scheduled to release its quarterly earnings report on March 7, 2024, with analysts expecting an EPS of $-0.06. The company's past performance shows a mixed impact on its stock price post-earnings announcement, with the last quarter showing a 7.39% increase after beating EPS estimates. Shares of Myomo have seen a significant increase of 390.85% over the last 52 weeks, indicating a bullish sentiment among long-term shareholders.
March 06, 2024 | 6:02 pm
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POSITIVE IMPACT
Myomo is expected to report an EPS of $-0.06 for the upcoming earnings, with a history of mixed stock price reactions post-earnings. The stock has significantly appreciated over the last year, indicating strong investor confidence.
Given Myomo's history of beating EPS estimates and the subsequent positive stock price reactions, especially with the last quarter's 7.39% increase, there's a bullish sentiment. The 390.85% year-over-year stock increase further supports a positive outlook, suggesting that if Myomo meets or exceeds the EPS estimate again, the stock is likely to experience a short-term positive impact.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100