Why TransMedics Stock Plummeted Today [Yahoo! Finance]
TransMedics Group, Inc. (TMDX)
Last transmedics group, inc. earnings: 3/2 04:05 pm
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Source: Yahoo! Finance
TransMedics issued a positive news release yesterday evening about the hiring of Gerardo Hernandez as its new chief financial officer, but one sentence at the end of the announcement seemed to spook the market. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » This final sentence reads, "TransMedics now expects revenue for the full year 2024 to be in the range of $428 million to $432 million, which represents 77% to 79% growth compared to the Company's prior year revenue." This projection fell into the lower range of the company's prior guidance for $425 million to $445 million, or growth of 80% at the midpoint, prompting the market to continue reining in TransMedics' once-stretched valuation. Following a disappointing third-quarter earnings report that saw the company only maintain market share in the transplant industry -- after growing by 10 times the market's rate in the prior year -- investors were hoping for a rebo
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News
- TransMedics to Participate in the 43rd Annual J.P. Morgan Healthcare Conference [Yahoo! Finance]Yahoo! Finance
- TransMedics to Participate in the 43rd Annual J.P. Morgan Healthcare ConferencePR Newswire
- TransMedics Group, Inc. (NASDAQ: TMDX) had its "neutral" rating re-affirmed by analysts at JPMorgan Chase & Co.. They now have a $75.00 price target on the stock, down previously from $116.00.MarketBeat
- TransMedics Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)PR Newswire
- TransMedics Group, Inc. (NASDAQ: TMDX) had its "hold" rating re-affirmed by analysts at Needham & Company LLC.MarketBeat
TMDX
Earnings
- 10/28/24 - Miss
TMDX
Sec Filings
- 12/11/24 - Form 4
- 12/9/24 - Form 8-K
- 12/6/24 - Form SCHEDULE
- TMDX's page on the SEC website