Fulgent Revises FY23 Revenue Guidance To $260M Vs. Consensus Of $255.94M And Prior Guidance Of $250M, It Forecasts Adjusted EPS Of $(0.95) Vs. Consensus Of $(1.23) And Prior Guidance Of $(1.25)
Portfolio Pulse from Benzinga Newsdesk
Fulgent has revised its FY23 revenue guidance to $260M, up from the prior guidance of $250M and above the consensus of $255.94M. The company also forecasts an adjusted EPS of $(0.95), better than the consensus of $(1.23) and prior guidance of $(1.25).
August 04, 2023 | 3:07 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Fulgent's revised FY23 revenue guidance and improved EPS forecast are likely to positively impact its stock price in the short term.
Fulgent's revised revenue guidance for FY23 is higher than both the consensus and its prior guidance, indicating better-than-expected performance. Similarly, its adjusted EPS forecast is also better than the consensus and prior guidance. This positive financial outlook is likely to boost investor confidence and drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100