MultiPlan Corporation Raises FY23 Revenue Guidance To $960M-$970M From Prior View Of $950M-$980M Vs $968M Estimate; Expects Adjusted EBITDA Of $615M-$625M From Prior View Of $615M-$635M
Portfolio Pulse from Benzinga Newsdesk
MultiPlan Corporation has increased its FY23 revenue guidance to $960M-$970M, up from the previous estimate of $950M-$980M. The company also expects its adjusted EBITDA to be between $615M-$625M, slightly lower than the previous range of $615M-$635M.
November 07, 2023 | 11:17 am
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NEUTRAL IMPACT
MultiPlan Corporation's revised FY23 revenue guidance could potentially impact its stock price. The company's adjusted EBITDA expectations have been slightly lowered.
The company's revised revenue guidance is within the range of previous estimates, which may not significantly impact the stock price. However, the slight decrease in adjusted EBITDA expectations could potentially have a negative impact, although it's not a drastic change.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100