Penumbra Sees Q4 2023 Revenue Growth To Accelerate To 28%-31% YoY, Which Correlates To The Midpoint Of Annual Guidance Range Of $1.05B-$1.07B For FY23 Vs $1.06B Estimate
Portfolio Pulse from Benzinga Newsdesk
Penumbra expects its Q4 2023 revenue growth to accelerate to 28%-31% YoY, which aligns with the midpoint of its annual guidance range of $1.05B-$1.07B for FY23. This is slightly below the $1.06B estimate.
November 02, 2023 | 8:50 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Penumbra's projected Q4 2023 revenue growth of 28%-31% YoY aligns with its annual guidance of $1.05B-$1.07B for FY23, slightly below the $1.06B estimate.
Penumbra's projected revenue growth for Q4 2023 is in line with its annual guidance, indicating a stable financial outlook. However, it is slightly below the estimated $1.06B, which may cause some investor concern, but not significantly enough to impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100