Cue Health Sees Q1 2024 Revenue $9M-$11M Vs $28.921M Est.
Portfolio Pulse from Benzinga Newsdesk
Cue Health projects its Q1 2024 revenue to be between $9M and $11M, significantly lower than the estimated $28.921M.
March 13, 2024 | 8:27 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Cue Health anticipates a substantial decrease in its Q1 2024 revenue, projecting it to be between $9M and $11M, which is far below the analysts' expectations of $28.921M.
The significant shortfall in projected revenue for Q1 2024 compared to analyst estimates suggests potential challenges for Cue Health, likely leading to negative investor sentiment and a potential decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100