InMode Sees FY24 Adj EPS OF $2.01 - $2.05 Vs. $2.49 Est.
Portfolio Pulse from Benzinga Newsdesk
InMode forecasts its FY24 adjusted EPS to be between $2.01 and $2.05, which is below the estimated $2.49.

May 02, 2024 | 11:16 am
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InMode's forecasted FY24 adjusted EPS is significantly lower than the market's expectation of $2.49.
InMode's projected earnings per share (EPS) for FY24 are substantially below the analysts' estimates, which could lead to negative investor sentiment and potentially decrease the stock price in the short term. The significant difference between the forecasted and expected EPS indicates a potential underperformance compared to market expectations, which is typically viewed unfavorably by investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100