Vericel Forecasts 2024 Revenue Of $237M-$241M Versus Consensus Of $240.24M, With Gross margin Of Approximately 70% And Adjusted EBITDA Margin Of Approximately 20%
Portfolio Pulse from Benzinga Newsdesk
Vericel projects its 2024 revenue to be between $237M and $241M, closely aligning with the consensus estimate of $240.24M. The company also anticipates a gross margin of around 70% and an adjusted EBITDA margin of about 20%.
February 29, 2024 | 1:08 pm
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Vericel's 2024 revenue forecast aligns closely with consensus estimates, with expected strong gross and adjusted EBITDA margins.
Vericel's revenue forecast for 2024 is in line with analyst expectations, which could reassure investors about the company's growth trajectory. The anticipated high gross margin and adjusted EBITDA margin suggest operational efficiency and profitability, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100