Zynex Expects 2024 Net Revenue Of At Least $200M (Est $226.95M), EPS To Be At Least $0.20 (Est $0.51)
Portfolio Pulse from Benzinga Newsdesk
Zynex has announced its expectations for 2024, projecting net revenue of at least $200 million, which is below the estimated $226.95 million. The company also expects earnings per share (EPS) to be at least $0.20, significantly lower than the estimated $0.51.
July 25, 2024 | 8:44 pm
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NEGATIVE IMPACT
Zynex's 2024 revenue and EPS projections fall short of market estimates, which could negatively impact the stock price in the short term.
The company's projected net revenue of at least $200 million is below the market estimate of $226.95 million, and the expected EPS of at least $0.20 is significantly lower than the estimated $0.51. This discrepancy is likely to lead to a negative market reaction, causing a short-term decline in ZYXI's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100