23andMe Sees FY24 Revenue $215M-$220M Vs $245.448M Est.
Portfolio Pulse from Benzinga Newsdesk
23andMe projects its FY24 revenue to be between $215M-$220M, which is below the estimated $245.448M.
February 07, 2024 | 9:52 pm
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NEGATIVE IMPACT
23andMe anticipates its FY24 revenue to range from $215M to $220M, missing the analysts' expectations of $245.448M.
The projected revenue shortfall for 23andMe in FY24 compared to analyst estimates suggests potential challenges ahead for the company. This news is likely to negatively impact investor sentiment in the short term, as revenue forecasts are a critical indicator of a company's future growth and financial health. The significant difference between the company's forecast and the analysts' expectations could lead to a decrease in stock price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100