Personalis Expects Total Company Revenue Of $18M-$19M For Q1 (Est $19.10M), $73M-$75M For 2024 (Est $75.007M)
Portfolio Pulse from Benzinga Newsdesk
Personalis, Inc. anticipates Q1 revenue to be between $18M-$19M, slightly below the estimated $19.10M. For 2024, the revenue forecast is set at $73M-$75M, narrowly missing the $75.007M estimate.
February 28, 2024 | 9:43 pm
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Personalis, Inc. projects its Q1 revenue to be slightly below expectations at $18M-$19M and its 2024 revenue forecast also falls short of estimates at $73M-$75M.
Revenue forecasts that do not meet or exceed market expectations can lead to negative investor sentiment and potentially lower stock prices in the short term. Personalis, Inc.'s announcement of lower-than-expected revenue forecasts for both Q1 and the full year of 2024 could lead to a decrease in stock price as investors adjust their expectations.
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