GE HealthCare Forecasts FY24 Organic Revenue Growth Of Approximately 4% YoY, Adjusted EBIT Margin Of 15.6%-15.9%, Reflecting An Expansion Of 50 To 80 Basis Points Versus 2023 Margin Of 15.1%
Portfolio Pulse from Benzinga Newsdesk
GE HealthCare projects a 4% year-over-year organic revenue growth for FY24, with an adjusted EBIT margin between 15.6% and 15.9%, indicating a 50 to 80 basis point improvement over the 2023 margin of 15.1%.
February 06, 2024 | 11:24 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
GE HealthCare forecasts a 4% YoY organic revenue growth for FY24 and an adjusted EBIT margin increase to 15.6%-15.9% from 15.1% in 2023.
The positive forecast for organic revenue growth and an improved EBIT margin for FY24 suggests a strong financial outlook for GE HealthCare. This is likely to be viewed positively by investors, potentially leading to an increase in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100