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ResMed (RMD) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Resmed launches NightOwl, an FDA-cleared home sleep apnea test, in the United States to diagnose OSA at home.
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Robust Mask and Device sales bode well for ResMed. Meanwhile, the increasing debt burden adds to the worry.
RMD outperforms the industry and the S&P 500 composite due to its success with the cloud-connected AirSense platform.
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ResMed (RMD) could produce exceptional returns because of its solid growth attributes.
ResMed (RMD) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.
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ResMed reported $1.28 billion in revenue and $2.43 EPS, driven by strong demand for AirSense 11 and effective cost management. Rising awareness of sleep apnea, aided by wearable devices like Apple Watch, underscores a significant growth opportunity, with millions still undiagnosed and untreated globally. Concerns over GLP-1 drugs reducing CPAP demand have diminished.
ResMed (RMD) possesses solid growth attributes, which could help it handily outperform the market.