Why Zynex Plunged Today
Zynex(ZYXI) The Motley Fool·2024-07-27 04:37
Earnings and guidance disappointed, but the pullback could be an opportunity. The medical equipment company reported earnings last night that, on a headline basis, disappointed mightily. But there were actually some good reasons for the soft numbers, making the pullback in this small-cap stock a potential buying opportunity. In the second quarter, Zynex grew revenue by 11% to $49.9 million with earnings per share (EPS) of $0.04, which was actually down 55% from the $0.09 print in the year-ago quarter. Both ...