Bioventus Expects 2024 Sales Of $520M-$535M Versus Consensus Of $517.74M, With Adjusted EPS Of $0.12-$0.20 Versus Consensus Of $0.33 And Adjusted EBITDA Of $89M-$94M
Portfolio Pulse from Benzinga Newsdesk
Bioventus forecasts its 2024 sales to range between $520M-$535M, surpassing the consensus estimate of $517.74M. However, its projected adjusted EPS of $0.12-$0.20 falls short of the consensus estimate of $0.33. The company also anticipates adjusted EBITDA to be between $89M-$94M.
March 12, 2024 | 11:54 am
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Bioventus forecasts higher 2024 sales than expected but anticipates lower adjusted EPS than consensus estimates.
The positive sales forecast for Bioventus in 2024 could be seen as a bullish signal, indicating potential growth and market confidence. However, the lower than expected adjusted EPS projection might temper investor enthusiasm, as it suggests profitability may not meet market expectations. The mixed nature of this forecast suggests a neutral short-term impact on the stock price, as investors weigh the higher sales against the lower profitability outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100