Hologic Expects Q2 Revenue Of $990M-$1.01B (Est $998.09M), Adj EPS Of $0.95-$1.00 (Est $0.98)
Portfolio Pulse from Benzinga Newsdesk
Hologic has provided its Q2 revenue and adjusted EPS forecasts, expecting revenues between $990M-$1.01B, slightly below the estimated $998.09M, and adjusted EPS in the range of $0.95-$1.00, closely aligning with the estimated $0.98.
February 01, 2024 | 10:24 pm
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Hologic expects Q2 revenue to be slightly below estimates at $990M-$1.01B and adjusted EPS to closely match estimates at $0.95-$1.00.
Hologic's Q2 revenue forecast is slightly below the analyst estimates, which could indicate a minor negative impact on investor sentiment. However, the adjusted EPS forecast is very close to the estimates, suggesting that the company's profitability is in line with expectations. This mixed forecast might lead to a neutral short-term impact on HOLX's stock price, as the slight miss in revenue expectations could be offset by the alignment of EPS with estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100