Surmodics Expects FY24 Total Revenue To Range From $116M-$121M Vs. $115.52M Estimate, Representing Decrease Of (13)%-(9)% Compared To FY23
Portfolio Pulse from Benzinga Newsdesk
Surmodics has projected its total revenue for FY24 to be between $116M-$121M, which is slightly above the $115.52M estimate. However, this represents a decrease of 9%-13% compared to FY23.
November 08, 2023 | 12:26 pm
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NEUTRAL IMPACT
Surmodics' projected FY24 revenue is slightly above estimates but represents a decrease from FY23. This mixed outlook could lead to uncertainty among investors.
Surmodics' FY24 revenue projection is slightly above the estimated $115.52M, which could be seen as a positive sign. However, the projected decrease from FY23 might raise concerns about the company's growth prospects, leading to potential uncertainty among investors. This could have a neutral impact on the stock price in the short term as the market weighs the positive and negative aspects of the forecast.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100