VAREX IMAGING (VREX) Moves 16.5% Higher: Will This Strength Last?

Company Overview - VAREX IMAGING (VREX) shares increased by 16.5% to close at $8.69, following a significant volume of trading, contrasting with a 41.8% loss over the past four weeks [1] - The recent stock price increase is attributed to a relief rally in global markets due to a 90-day pause on tariff hikes announced by the United States [1] Earnings Expectations - VAREX IMAGING is expected to report quarterly earnings of $0.14 per share, reflecting a year-over-year decline of 12.5% [2] - Revenue projections stand at $206.83 million, indicating a slight increase of 0.3% compared to the same quarter last year [2] Stock Performance Insights - The consensus EPS estimate for VAREX IMAGING has remained unchanged over the last 30 days, suggesting that stock price movements may not sustain without trends in earnings estimate revisions [3] - The stock currently holds a Zacks Rank of 3 (Hold), indicating a neutral outlook [3] Industry Context - VAREX IMAGING operates within the Zacks Medical - Products industry, alongside TriSalus Life Sciences, Inc. (TLSI), which saw a minor increase of 0.2% to $5.50 in the last trading session [3] - TriSalus Life Sciences has experienced a 7.9% return over the past month, with its EPS estimate changing by -2% to -$0.20, representing a 63% improvement from the previous year [4]