Zynex Q1 Sales $46.531M Miss $47.693M Estimate
Portfolio Pulse from Benzinga Newsdesk
Zynex reported Q1 sales of $46.531M, missing the analyst consensus estimate of $47.693M by 2.44%, but marking a 10.34% increase from the same period last year.
April 30, 2024 | 8:15 pm
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NEGATIVE IMPACT
Zynex's Q1 sales of $46.531M missed estimates by 2.44%, yet showed a 10.34% increase from last year.
Missing sales estimates can negatively impact investor sentiment and stock price in the short term, despite the year-over-year growth. The miss, although slight, may lead to short-term bearish sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100