Varex Imaging Sees Q2 EPS $0.10-$0.30 Vs $0.21 Est.; Revenue $195M-$215M Vs $206.87M Est.
Portfolio Pulse from Benzinga Newsdesk
Varex Imaging projects Q2 EPS to be between $0.10 and $0.30, compared to the $0.21 estimate, with revenue forecasts ranging from $195M to $215M, against an estimated $206.87M. The company emphasizes that these projections are based on non-GAAP measures, citing the unpredictability of reconciling items for not providing a GAAP forecast.
February 06, 2024 | 9:58 pm
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Varex Imaging anticipates Q2 EPS to range from $0.10 to $0.30, surpassing the $0.21 estimate, and expects revenues to be between $195M and $215M, which brackets the $206.87M estimate. The guidance is based on non-GAAP measures.
Varex Imaging's EPS and revenue forecasts for Q2 suggest a positive outlook, potentially beating market expectations. The emphasis on non-GAAP measures indicates potential adjustments that could affect the GAAP net income, making the forecast optimistic but with a degree of uncertainty. This could lead to a positive short-term impact on VREX's stock price as investors may react favorably to the higher-than-expected EPS range and solid revenue projections.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100