Stevanato Expects FY24 Revenue Of €1.180B - €1.210B Vs, €1.22B Estimate, Adj. EBITDA Of €314.1M - €329.5M, Adj. EPS of €0.62 - €0.66 Vs. €0.67 Estimate
Portfolio Pulse from Benzinga Newsdesk
Stevanato projects FY24 revenue to be between €1.180B and €1.210B, slightly below the €1.22B estimate. The company also forecasts adjusted EBITDA to range from €314.1M to €329.5M and adjusted EPS to be between €0.62 and €0.66, which is below the €0.67 estimate.
March 07, 2024 | 2:39 pm
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NEGATIVE IMPACT
Stevanato projects FY24 revenue and earnings slightly below analyst estimates, indicating potential pressure on its stock price in the short term.
Stevanato's projection of its FY24 revenue and EPS being below analyst estimates could lead to negative investor sentiment in the short term. This is because financial markets often react unfavorably to earnings forecasts that do not meet or exceed analyst expectations. The specific mention of lower-than-expected revenue and EPS figures directly impacts investor outlook on the company's future profitability and growth, potentially leading to a decrease in stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100