Inspire Medical's Recovery from Temporary Q3 Revenue Shortfall - Analysts Find Optimism
Portfolio Pulse from Vandana Singh
Inspire Medical Systems Inc (NYSE:INSP) reported Q3 earnings with sales of $153.3 million, up 40% Y/Y, beating the consensus of $154.45 million. The company increased its FY23 revenue guidance to $608 million-$612 million. Mizuho Securities noted a temporary revenue shortfall due to a discontinued pilot program. Despite concerns over potential near-term impacts on its growth trajectory and competition from GLP-1 therapies, analysts view the current dip in share price as an investment opportunity. INSP shares are down 18.90% at $131.20.
November 08, 2023 | 8:21 pm
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Inspire Medical's Q3 earnings beat consensus with sales up 40% Y/Y. Despite a temporary revenue shortfall and competition concerns, analysts view the current share price dip as an investment opportunity.
Inspire Medical's Q3 earnings beat expectations and the company raised its FY23 revenue guidance, indicating strong performance. Despite a temporary revenue shortfall and competition concerns, analysts view the current share price dip as an investment opportunity, suggesting potential upside in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100