Zynex, a publicly traded company on the NASDAQ under the ticker symbol ZYXI, recently shared its Q4 earnings report, providing valuable insights for investors to consider:
Earnings Performance:
Surprisingly, Zynex fell short of the estimated earnings by a significant margin of -76.0%, with an EPS of $0.04 compared to the expected $0.17.
Additionally, the company experienced a decrease in revenue of $1.52 million compared to the same period last year.
Past Earnings Performance:
In the previous quarter, Zynex surpassed EPS estimates by $0.01, resulting in a 17.0% increase in share price the following day.
To provide a comprehensive view of Zynex’s performance, here is a summary of their past earnings:
– Q3 2023: EPS Estimate $0.09, EPS Actual $0.10, Revenue Estimate $49.87 million, Revenue Actual $49.91 million
– Q2 2023: EPS Estimate $0.04, EPS Actual $0.09, Revenue Estimate $44.65 million, Revenue Actual $44.95 million
– Q1 2023: EPS Estimate $0.01, EPS Actual $0.04, Revenue Estimate $39.61 million, Revenue Actual $42.17 million
– Q4 2022: EPS Estimate $0.19, EPS Actual $0.20, Revenue Estimate $49.71 million, Revenue Actual $48.80 million
Upcoming Events:
Investors can mark their calendars for Zynex’s next earnings call, scheduled for Thursday, February 29, 2024, from 4:15 PM to 5:15 PM EST, where the company will discuss its performance for the fourth quarter and full year of 2024.
For more in-depth information and to stay updated on all earnings releases from Zynex, investors are encouraged to visit the company’s official website or financial platforms such as Nasdaq and TipRanks.
ZYXI Stock Analysis: Promising Performance on February 29, 2024
On February 29, 2024, ZYXI stock showed promising performances as it traded near the top of its 52-week range and above its 200-day simple moving average. This indicates that the stock has been on an upward trend and is considered to be in a bullish position. The price of ZYXI shares increased by $0.07 since the market last closed, representing a 0.52% rise. The stock closed at $13.56, showing a positive movement during regular trading hours. However, in after-hours trading, the stock dropped by $1.55. Despite the drop in after-hours trading, the overall performance of ZYXI stock on February 29, 2024, reflects a positive trend. Investors may want to keep an eye on the stock in the coming days to see if it continues its upward momentum or if there are any fluctuations in price.
ZYXI Stock Analysis: Strong Revenue Growth and Profitability Signals Positive Trajectory in Healthcare Sector
On February 29, 2024, ZYXI stock showed promising performances based on the financial data provided by CNN Money. The company’s total revenue for the past year was reported at $158.17 million, which represented a 21.39% increase compared to the previous year. In the third quarter alone, ZYXI generated $49.91 million in total revenue, marking an 11.04% increase from the previous quarter.
Despite the impressive revenue growth, ZYXI’s net income remained relatively flat compared to the previous year, standing at $17.05 million. However, the company managed to increase its net income by 7.16% in the third quarter, reaching $3.59 million. This improvement in net income is a positive sign for investors, indicating that ZYXI is effectively managing its expenses and increasing profitability.
Earnings per share (EPS) also saw positive growth trends for ZYXI. The company reported an EPS of $0.44 for the past year, reflecting a 9.83% increase compared to the previous year. In the third quarter, ZYXI’s EPS reached $0.10, showing a 10.06% increase from the previous quarter. This growth in EPS suggests that ZYXI is effectively translating its revenue growth into higher earnings for its shareholders.
Overall, ZYXI’s financial performance on February 29, 2024, indicates a strong and positive trajectory for the company. With consistent revenue growth, improving net income, and increasing earnings per share, ZYXI stock is likely to attract investors looking for a promising investment opportunity in the healthcare sector. Investors should keep an eye on ZYXI’s future financial reports to track the company’s continued growth and profitability.
