Omnicell Sees Q4 2023 Revenue $247M-$267M Vs $299.67M Est
Portfolio Pulse from Benzinga Newsdesk
Omnicell has projected its Q4 2023 total revenues to be between $247 million and $267 million, lower than the estimated $299.67 million. The company expects product revenues to be between $142 million and $152 million, and service revenues to be between $105 million and $115 million. Non-GAAP EBITDA is expected to be between $9 million and $19 million, and non-GAAP earnings per share to be between $0.07 and $0.22.
November 02, 2023 | 12:38 pm
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Omnicell's projected Q4 2023 revenues are lower than estimated, which could negatively impact the company's stock price in the short term.
Omnicell's projected revenues for Q4 2023 are significantly lower than the estimated $299.67 million. This could lead to a negative market reaction, potentially causing a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100