Tenon Medical TNON will release its quarterly earnings report on Wednesday, 2024-11-13. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Tenon Medical to report an earnings per share (EPS) of $-4.23.
Tenon Medical bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Earnings Track Record
In the previous earnings release, the company beat EPS by $0.48, leading to a 20.51% drop in the share price the following trading session.
Here's a look at Tenon Medical's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | -8.64 | -10.72 | -11.04 | -22.40 |
| EPS Actual | -8.16 | -10 | -5.44 | -11.68 |
| Price Change % | -21.0% | -11.0% | -23.0% | -12.0% |
Market Performance of Tenon Medical's Stock
Shares of Tenon Medical were trading at $3.46 as of November 11. Over the last 52-week period, shares are down 84.14%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.
To track all earnings releases for Tenon Medical visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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