InMode Ltd Expects FY23 Revenue $500M-$510M (Prior $500M-$510M) Vs $527.5M Est, Adj EPS $2.53-$2.57 (Prior $2.62-$2.66) Vs $2.62 Est
Portfolio Pulse from Benzinga Newsdesk
InMode Ltd has provided its financial outlook for FY23, expecting revenue between $500M-$510M and adjusted EPS between $2.53-$2.57. These estimates are lower than the previous ones of $2.62-$2.66 EPS and are also below the estimated revenue of $527.5M.
November 02, 2023 | 11:39 am
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NEGATIVE IMPACT
InMode Ltd has lowered its FY23 revenue and EPS estimates, which are also below the market estimates. This could potentially impact the company's stock negatively in the short term.
InMode Ltd has revised its FY23 revenue and EPS estimates downwards. The new estimates are also below the market expectations. This could lead to a negative sentiment among investors, potentially leading to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100