NeuroPace, Inc. NPCE shares ended the final buying and selling session 5.8% greater at $14.23. The leap got here on a powerful quantity with a higher-than-average variety of shares altering fingers within the session. This compares to the inventory’s 4.2% loss over the previous 4 weeks.
NeuroPace recorded a robust worth rise on traders’ optimism surrounding its impending fourth-quarter 2024 monetary outcomes, which is slated to be launched on March 4, 2025, put up the closing bell. The Zacks Consensus Estimate for the fourth quarter income suggests a development of 19.2%.
This firm is predicted to put up quarterly lack of $0.25 per share in its upcoming report, which represents a year-over-year change of -8.7%. Revenues are anticipated to be $21.46 million, up 19.2% from the year-ago quarter.
Whereas earnings and income development expectations are vital in evaluating the potential energy in a inventory, empirical analysis exhibits a robust correlation between tendencies in earnings estimate revisions and near-term inventory worth actions.
For NeuroPace, the consensus EPS estimate for the quarter has remained unchanged over the past 30 days. And a inventory’s worth often would not preserve transferring greater within the absence of any development in earnings estimate revisions. So, ensure that to regulate NPCE going ahead to see if this latest leap can flip into extra energy down the highway.
The inventory at the moment carries a Zacks Rank #3 (Maintain). You’ll be able to see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here >>>>
NeuroPace is a part of the Zacks Medical – Devices trade. Tandem Diabetes Care, Inc. TNDM, one other inventory in the identical trade, closed the final buying and selling session 1.3% greater at $32.12. TNDM has returned -9.4% up to now month.
Tandem Diabetes Care’s consensus EPS estimate for the upcoming report has remained unchanged over the previous month at -$0.21. In comparison with the corporate’s year-ago EPS, this represents a change of +22.2%. Tandem Diabetes Care at the moment boasts a Zacks Rank of #3 (Maintain).
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NeuroPace, Inc. (NPCE) : Free Stock Analysis Report
Tandem Diabetes Care, Inc. (TNDM) : Free Stock Analysis Report
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