Teladoc Sees FY24 EPS ($1.10)-($0.80) vs $(1.23) Est., Revenue $2.635B-$2.735B vs $2.77B Est.
Portfolio Pulse from Benzinga Newsdesk
Teladoc forecasts its FY24 earnings per share (EPS) to be between ($1.10) and ($0.80), which is an improvement over the estimated $(1.23). However, its revenue projection of $2.635B to $2.735B falls short of the estimated $2.77B.
February 20, 2024 | 9:13 pm
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Teladoc's FY24 EPS forecast is better than expected, but revenue projections are below estimates.
The mixed forecast from Teladoc, with a better-than-expected EPS but lower-than-expected revenue projections, could lead to a neutral short-term impact on its stock price. Investors may view the improved EPS positively, but concerns about revenue growth could temper any potential stock price gains.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100