InMode Expects Q3 EPS $0.59-$0.60 Vs $0.66 Est.; 2023 Revenue Between $122.8M-$123.0M Vs $136.94M Est, Lowering Full-Year 2023 Revenue Guidance To $500M-$510M Vs. Original Estimates Of $530M-$540M Vs $538.03M Est.
Portfolio Pulse from Benzinga Newsdesk
InMode Ltd. (NASDAQ: INMD) has announced its Q3 2023 earnings per share (EPS) to be between $0.59-$0.60, lower than the estimated $0.66. The company also expects its 2023 revenue to be between $122.8M-$123.0M, lower than the estimated $136.94M. Furthermore, InMode has lowered its full-year 2023 revenue guidance to $500M-$510M from the original estimates of $530M-$540M. The company attributes these changes to factors such as economic slowdown, slower purchase decisions, and constraints in financing of medical equipment.
October 12, 2023 | 12:12 pm
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InMode's lower than expected Q3 2023 EPS and revenue, along with reduced full-year 2023 revenue guidance, may negatively impact its stock price.
InMode's announcement of lower than expected Q3 2023 EPS and revenue, along with reduced full-year 2023 revenue guidance, indicates a potential slowdown in the company's growth. This could lead to a negative sentiment among investors, potentially causing a decrease in the company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100