Embecta Sees FY24 Revenues Of $1.085B-$1.105B Versus Consensus Of $1.11B
Portfolio Pulse from Benzinga Newsdesk
Embecta Corp. forecasts FY24 revenues to be between $1.085B and $1.105B, slightly below the consensus estimate of $1.11B.
November 21, 2023 | 10:37 am
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Embecta Corp. has provided a revenue forecast for FY24 that is below market expectations, which may lead to negative investor sentiment in the short term.
Revenue forecasts are a critical indicator of a company's future performance. Embecta's projection being lower than the consensus suggests that the company may not perform as well as analysts expected, which could lead to a decrease in stock price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100