Avantor Amid Industry Challenges, Analyst Predicts Declining Core Organic Revenue
Portfolio Pulse from Vandana Singh
Avantor Inc (NYSE:AVTR) reported Q2 adjusted EPS of $0.28, missing the consensus of $0.29. Sales decreased 8.7% to $1.74 billion, below the consensus of $1.80 billion. The company's stock sold off 7% on Friday and trades at just 14.1 times EBITDA. William Blair analyst Matt Larew has downgraded Avantor to Market Perform from Outperform due to a challenging competitive environment. The company expects core organic revenue to decline 6.5%-4.5% in 2023.
July 31, 2023 | 7:53 pm
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Avantor's Q2 results missed expectations, leading to a 7% drop in stock price. The company's future outlook is also negative, with expected decline in core organic revenue in 2023.
Avantor's Q2 results missed the consensus, leading to a decrease in its stock price. The company's future outlook is also negative, with an expected decline in core organic revenue in 2023. This could further impact the stock price negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100