Preview: Tenon Medical's Earnings
Portfolio Pulse from Benzinga Insights
Tenon Medical (NASDAQ:TNON) is scheduled to release its quarterly earnings report on 2024-03-12, with an estimated EPS of $-1.38. Analysts and investors will be looking for an earnings beat and positive guidance for the next quarter. Historically, Tenon Medical has had mixed results in beating EPS estimates, with share price reactions varying. The stock has experienced a significant decline over the last year, trading at $1.33 as of March 08, down 94.3% over the 52-week period.
March 11, 2024 | 5:00 pm
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NEUTRAL IMPACT
Tenon Medical is anticipated to report an EPS of $-1.38 for the latest quarter. Historical performance shows mixed results in beating EPS estimates, with significant share price volatility following earnings announcements. The stock has seen a substantial decline over the past year.
Given Tenon Medical's history of mixed EPS beats and the significant annual decline in its stock price, the upcoming earnings report could maintain the stock's current volatility. However, without specific positive or negative indicators, the short-term impact is considered neutral. The importance is high due to the potential for earnings to either reverse the negative trend or further disappoint investors.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100