Bausch + Lomb Forecasts 2024 Revenue Of $4.6B-$4.7B Versus Consensus Of $4.56B, With Adjusted EBITDA Of $840M-$890M
Portfolio Pulse from Benzinga Newsdesk
Bausch + Lomb projects its 2024 revenue to be between $4.6 billion and $4.7 billion, surpassing the consensus estimate of $4.56 billion. The company also forecasts its adjusted EBITDA for the same period to be in the range of $840 million to $890 million.
February 21, 2024 | 12:10 pm
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Bausch + Lomb forecasts higher-than-expected 2024 revenue of $4.6B-$4.7B, exceeding consensus estimates of $4.56B, and anticipates adjusted EBITDA of $840M-$890M.
Bausch + Lomb's projection of higher-than-expected revenue for 2024 suggests a positive outlook for the company's financial health and operational efficiency. This forecast, especially when it surpasses consensus estimates, is likely to instill confidence among investors and analysts, potentially leading to a positive short-term impact on the stock price. The anticipated increase in adjusted EBITDA further underscores the company's profitability and operational success, reinforcing the positive sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100