Bioventus Expects FY24 Net Sales of $520M-$535M Vs $517.82M Est, Adj EPS of EPS of $0.12-$0.20 Vs $0.33 Est
Portfolio Pulse from Benzinga Newsdesk
Bioventus projects its FY24 net sales to be between $520M-$535M, surpassing the estimated $517.82M. However, its adjusted EPS forecast of $0.12-$0.20 falls short of the expected $0.33.
March 12, 2024 | 11:56 am
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NEUTRAL IMPACT
Bioventus projects higher FY24 net sales than expected but anticipates lower adjusted EPS.
The positive revenue forecast could support investor confidence in Bioventus's growth trajectory, potentially offsetting concerns over the lower-than-expected adjusted EPS forecast. The mixed financial outlook suggests a neutral short-term impact on BVS stock as investors weigh the higher sales against the lower profitability outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100