QuidelOrtho Expects FY24 Total Revenues (Reported) Of $2.76B-$3.07B (Est $2.948B), Adjusted EPS Of $2.40-$3.07 (Est $5.07)
Portfolio Pulse from Benzinga Newsdesk
QuidelOrtho projects FY24 total revenues to be between $2.76B-$3.07B, slightly below the estimated $2.948B. The company also forecasts adjusted EPS to range from $2.40-$3.07, significantly lower than the estimated $5.07.
February 13, 2024 | 9:28 pm
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NEGATIVE IMPACT
QuidelOrtho's FY24 revenue and EPS projections are below analyst estimates, with revenues slightly lower and EPS significantly below expectations.
The company's projected revenues and EPS for FY24 are both below analyst expectations, which could lead to negative investor sentiment and a potential decrease in stock price in the short term. The significant gap between the projected and estimated EPS is particularly concerning, indicating potential challenges in profitability.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100