Embecta Forecasts 2024 Revenues Of $1.094B-$1.116B Versus Prior Guidance Of $1.085B-$1.105B And Consensus Of $1.10B
Portfolio Pulse from Benzinga Newsdesk
Embecta has updated its revenue forecast for 2024, now expecting revenues to be between $1.094 billion and $1.116 billion. This is an increase from their previous guidance of $1.085 billion to $1.105 billion and slightly above the consensus estimate of $1.10 billion.
February 09, 2024 | 11:39 am
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Embecta has raised its 2024 revenue forecast, indicating a positive outlook and potential growth beyond market expectations.
Raising revenue forecasts generally indicates a company's strong performance and optimistic future outlook, which can positively influence investor sentiment and potentially lead to an increase in stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90