Alkermes Expects Fiscal Year 2024 Revenues Of $1.5B-$1.6B Versus Consensus Of $1.52B And Expects to Generate 30% EBITDA Margin in 2024
Portfolio Pulse from Benzinga Newsdesk
Alkermes projects its fiscal year 2024 revenues to be between $1.5 billion and $1.6 billion, aligning closely with the consensus estimate of $1.52 billion. Additionally, the company anticipates achieving a 30% EBITDA margin in 2024.
February 15, 2024 | 12:19 pm
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Alkermes expects FY2024 revenues of $1.5B-$1.6B, closely matching the consensus of $1.52B, and targets a 30% EBITDA margin.
Alkermes' revenue forecast aligns closely with market expectations, indicating confidence in their business strategy and operational efficiency. The anticipated 30% EBITDA margin suggests strong profitability and operational excellence, likely to positively influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100