InMode Cuts 2023 Revenue Outlook From $500M-$510M To $485M-$495M, Adj EPS From $2.53-$2.57 To $2.47-$2.50
Portfolio Pulse from Benzinga Newsdesk
InMode Ltd. has revised its 2023 revenue forecast downwards from the previous range of $500M-$510M to a new range of $485M-$495M. Additionally, the company has adjusted its earnings per share (EPS) outlook from $2.53-$2.57 to $2.47-$2.50.
December 06, 2023 | 12:09 pm
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InMode Ltd. has decreased its revenue and EPS guidance for 2023, which may lead to negative investor sentiment and a potential decrease in stock price in the short term.
Downward revisions in revenue and EPS guidance are typically interpreted as negative signals about a company's future performance. This can lead to a loss of investor confidence and a possible decline in the stock price. Given that InMode Ltd. has made significant cuts to both its revenue outlook and EPS estimates, it is likely that the market will react unfavorably in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100