Penumbra Sees FY24 Revenue $1.23B-$1.27B Vs $1.267B Est.
Portfolio Pulse from Benzinga Newsdesk
Penumbra projects its FY24 revenue to be in the range of $1.23B to $1.27B, which is around the analyst estimate of $1.267B.
February 22, 2024 | 9:52 pm
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POSITIVE IMPACT
Penumbra's FY24 revenue projection closely aligns with analyst expectations, indicating stable growth.
Penumbra's revenue forecast for FY24 is in line with analyst estimates, suggesting that the company is on track to meet or slightly exceed market expectations. This alignment typically instills confidence in investors, potentially leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100