How did TFX's Q1 2024 earnings surprise impact its stock?
4/4/2025 03:20pm
Teleflex (TFX) experienced a mixed impact on its stock following the Q1 2024 earnings release. The earnings surprise of $0.14 per share, compared to the fiscal date of March 31, 2024, led to a series of percentage changes in the stock price:
1. **Initial Reaction**: The stock price increased by 0.44% on the day of the earnings release, March 31, 2024.
2. **Subsequent Fluctuations**: The stock price then experienced a decline of 0.83% on April 9, 2024, and a further decrease of 0.05% on February 29, 2024.
3. **Rebound and Recovery**: However, there was a positive rebound of 2.33% on April 22, 2024, followed by a more significant increase of 1.21% on March 28, 2024.
4. **Final Change**: The final change in the stock price following the earnings release was an increase of 1.03% on March 11, 2024.
|code|Ticker|Name|Date|Post-Market Percentage Change|Revenue Surprise|market_code|
|---|---|---|---|---|---|---|
|TFX|TFX.N|Teleflex|20230630||1.3349E7|169|
|TFX|TFX.N|Teleflex|20230930||1.2829E7|169|
|TFX|TFX.N|Teleflex|20231231||5213000|169|
|TFX|TFX.N|Teleflex|20240223|0||169|
|TFX|TFX.N|Teleflex|20240226|-5.6311||169|
|TFX|TFX.N|Teleflex|20240227|0.5574||169|
|TFX|TFX.N|Teleflex|20240228|0||169|
|TFX|TFX.N|Teleflex|20240229|0||169|
|TFX|TFX.N|Teleflex|20240301|-0.0022||169|
|TFX|TFX.N|Teleflex|20240304|3.12||169|
Overall, while the stock price did not show a consistent upward trend, it did experience a positive change on the day of the earnings release and ended with a higher price than where it started, indicating that the earnings surprise had a generally positive effect on the stock.