Repligen Lowers FY23 Revenue Guidance To $635M-$665M Compared To Prior range Of $720M-$760M And Consensus Of $721.07M; Sees Adjusted EPS Of $1.72-$1.80 Compared To Previous Guidance Of $2.35-$2.42 And Consensus Of $2.29
Portfolio Pulse from Benzinga Newsdesk
Repligen has lowered its FY23 revenue guidance to $635M-$665M, down from the previous range of $720M-$760M and below the consensus of $721.07M. The company also revised its adjusted EPS forecast to $1.72-$1.80, compared to the previous guidance of $2.35-$2.42 and consensus of $2.29.
August 04, 2023 | 11:02 am
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NEGATIVE IMPACT
Repligen's lowered FY23 revenue and EPS guidance may negatively impact its stock price in the short term.
Repligen's revised FY23 guidance is significantly lower than the previous estimates and consensus, which could lead to a negative market reaction and a potential decrease in the company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100