ReWalk Robotics Ltd (RWLK) Scheduled to Post Earnings on Wednesday
ReWalk Robotics Ltd (NASDAQ:RWLK) is scheduled to post its quarterly earnings results before the market opens on Wednesday, November 1st. Analysts expect ReWalk Robotics to post earnings of ($0.35) per share for the quarter.
ReWalk Robotics (NASDAQ:RWLK) last announced its quarterly earnings results on Thursday, August 3rd. The medical device company reported ($0.29) EPS for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.06. ReWalk Robotics had a negative net margin of 389.13% and a negative return on equity of 528.26%. The firm had revenue of $2.01 million during the quarter, compared to analyst estimates of $1.71 million. During the same period in the previous year, the business posted ($0.64) earnings per share. The business’s revenue for the quarter was up 145.7% on a year-over-year basis. On average, analysts expect ReWalk Robotics to post $-1.27 EPS for the current fiscal year and $-1.4 EPS for the next fiscal year.
Shares of ReWalk Robotics Ltd (NASDAQ RWLK) opened at 1.45 on Wednesday. The company’s market capitalization is $31.53 million. ReWalk Robotics Ltd has a 52 week low of $1.10 and a 52 week high of $5.20. The stock has a 50 day moving average of $1.57 and a 200-day moving average of $1.50.
Several equities analysts have recently issued reports on RWLK shares. Zacks Investment Research downgraded shares of ReWalk Robotics from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Canaccord Genuity cut their price objective on shares of ReWalk Robotics from $4.00 to $3.00 and set a “buy” rating on the stock in a report on Friday, August 4th. Finally, Oppenheimer Holdings, Inc. set a $4.00 price objective on shares of ReWalk Robotics and gave the company a “buy” rating in a report on Friday, August 4th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $4.63.
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About ReWalk Robotics
ReWalk Robotics Ltd. is a medical device company. The Company is engaged in designing, developing and commercializing exoskeletons that allow individuals with mobility impairments or other medical conditions the ability to stand and walk once again. The Company offers ReWalk, which is an exoskeleton that uses its tilt-sensor technology and an on-board computer and motion sensors to drive motorized legs that power movement.
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