Establishment Labs Expects Q4 Preliminary Unaudited Revenue Of $31.4M-$31.8M vs $31.47M Est.; Expects 2023 Preliminary Unaudited Revenue Of $165M-$165.4M vs $164.92M Est.
Portfolio Pulse from Benzinga Newsdesk
Establishment Labs anticipates Q4 preliminary unaudited revenue to be between $31.4M and $31.8M, closely aligning with the $31.47M estimate. For 2023, the company expects preliminary unaudited revenue to range from $165M to $165.4M, slightly above the $164.92M estimate.
January 09, 2024 | 1:08 pm
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Establishment Labs expects its Q4 revenue to meet estimates and its 2023 revenue to slightly surpass analyst expectations.
Meeting or slightly exceeding revenue estimates generally has a positive impact on investor sentiment and stock price in the short term. The company's guidance suggests a stable financial performance, which could lead to increased investor confidence and potential stock appreciation.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100