Xeris Biopharma Sees FY23 Revenue At High End Of Previous Guidance Of $160M-$165M Vs. Estimate Of $161.96M; Expects To Be Cash Flow Positive In Q4
Portfolio Pulse from Benzinga Newsdesk
Xeris Biopharma expects its FY23 revenue to be at the high end of its previously guided range of $160M-$165M, surpassing the average analyst estimate of $161.96M. The company also anticipates becoming cash flow positive in Q4.
January 04, 2024 | 12:12 pm
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Xeris Biopharma anticipates FY23 revenue at the higher end of its guidance, which is above the consensus estimate, and expects to achieve cash flow positivity in the fourth quarter.
The news that Xeris Biopharma is expecting to reach the higher end of its revenue guidance is positive, as it exceeds the average analyst estimate. This suggests that the company is performing well financially. Additionally, the anticipation of becoming cash flow positive in Q4 is a strong indicator of financial health and may lead to increased investor confidence. Both pieces of information are likely to be viewed positively by the market, potentially leading to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100