Fulgent Sees FY23 Core Revenue $260M Vs $260.66M Estimate, Adj. EPS $(0.95) Vs $(1.09) Estimate
Portfolio Pulse from Benzinga Newsdesk
Fulgent Genetics (FLGT) has projected its FY23 core revenue to be $260M, slightly below the estimated $260.66M. The company also expects its adjusted EPS to be $(0.95), better than the estimated $(1.09).
November 03, 2023 | 11:27 am
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Fulgent Genetics' FY23 core revenue projection is slightly below estimates, but its adjusted EPS is expected to outperform. This mixed outlook may lead to uncertain market reactions.
Fulgent Genetics' lower-than-expected revenue projection could negatively impact its stock price. However, the better-than-expected EPS could offset this, leading to a neutral score. The news is highly relevant as it directly pertains to the company's financial outlook.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100