Hologic Raises FY24 Adj EPS Forecast From $3.90-$4.10 To $3.97-$4.12 (Est $4.00), Revenue From $3.92B-$4.02B To $3.99B-$4.065B (Est $3.99B)
Portfolio Pulse from Benzinga Newsdesk
Hologic, Inc. has updated its fiscal year 2024 adjusted earnings per share (EPS) forecast to a range of $3.97-$4.12, up from the previous range of $3.90-$4.10. The company also revised its revenue forecast to $3.99B-$4.065B, from the earlier projection of $3.92B-$4.02B. These updates surpass the consensus estimate for EPS at $4.00 and meet the revenue estimate at $3.99B.
February 01, 2024 | 9:21 pm
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POSITIVE IMPACT
Hologic has raised its FY24 adjusted EPS and revenue forecasts, indicating a positive outlook for the company's financial performance.
Hologic's upward revision of both its EPS and revenue forecasts for FY24 suggests confidence in its operational performance and growth prospects. This positive adjustment is likely to be well-received by investors, potentially leading to a short-term increase in stock price as it beats EPS estimates and aligns with revenue expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100