Rewalk Robotics Ltd (NASDAQ: RWLK) is having a great start to the trading session this morning as investors are expecting to see positive earnings soon. A few days ago, the company announced that it would be releasing its earnings report tomorrow, August 14, 2018. With the gains in the market today, investors are clearly expecting to see a hit. Below, we’ll talk about:
- The coming earnings report;
- what we’re seeing from RWLK stock as a result; and
- what we’ll be watching for ahead.
RWLK Heads Up Ahead Of Earnings
As mentioned above, Rewalk Robotics is having an incredibly strong start to the trading session this morning after the company announced on Friday that it would be reporting its earnings soon. In a press release, the company said that financial results from the second quarter of 2018 will be released on Tuesday, August 14, 2018 before the market opens. The company also has a planned conference call on the same day to discuss the results. The information for the RWLK earnings call are as follows:
- Time 8:30 a.m. EDT
- Toll free (U.S.) (844) 423-9889
- International (716) 247-5804
- Israel 18 09 31 53 62
- Webcast (live and replay) www.rewalk.com under the ‘Investors’ section.
- A replay of the conference call will be available for two weeks after the call’s completion by dialing (855) 859-2056 (U.S.) or (404) 537-3406 (International). The conference ID for the replay is 4694309. The archived webcast will be available for 30 days via the aforementioned URL.
At the moment, analysts are guiding for the company to produce a loss in the amount of $0.18 per share. However, from the run we’re seeing in the value of the stock today, it’s clear that investors are expecting that the company will beat expectations.
What We’re Seeing From The Stock
As investors, one of the first lessons that we learn is that the news moves the market. In the case of Rewalk Robotics, the news is coming tomorrow and excited investors seem to be preparing for the catalyst. As is normally the case, our partners at Trade Ideas were the first to alert us to the gains. Currently (10:11), RWLK is trading at $1.13 per share after a gain of $0.18 per share or 18.48% thus far today.
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will continue to keep a close eye on RWLK. In particular, we’re interested in what’s in store on the earnings report that is planned to be released tomorrow. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!
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