AngioDynamic Expects FY2024 Gross Margin To Be Approximately 52%-54% And Adjusted EPS of $0.54 To $0.58 Versus Consensus Of $(0.43)
Portfolio Pulse from Benzinga Newsdesk
AngioDynamic forecasts a significant improvement in its financial performance for FY2024, expecting a gross margin of 52%-54% and an adjusted EPS of $0.54 to $0.58, which notably exceeds the consensus estimate of $(0.43).
April 04, 2024 | 11:07 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
AngioDynamic projects a significant uplift in FY2024 with gross margins between 52%-54% and an adjusted EPS of $0.54 to $0.58, far surpassing the negative consensus estimate.
AngioDynamic's forecast significantly exceeds market expectations, indicating a strong financial performance and operational efficiency for FY2024. This positive outlook, especially when contrasted with the previous negative consensus estimate, is likely to instill investor confidence and potentially drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100