Avanos Medical Sees FY24 Revenue $685M-$705M Vs $728.63M Estimate; Sees Adj. EPS $1.30-$1.45 Vs $1.85
Portfolio Pulse from Benzinga Newsdesk
Avanos Medical projects its FY24 revenue to be between $685M-$705M, which is below the estimated $728.63M. The company also forecasts its adjusted EPS to be in the range of $1.30-$1.45, lower than the expected $1.85.
May 02, 2024 | 11:27 am
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NEGATIVE IMPACT
Avanos Medical's FY24 revenue and adjusted EPS projections are below market expectations, indicating potential challenges ahead.
The lower-than-expected revenue and EPS forecasts for FY24 suggest that Avanos Medical may face operational or market challenges, potentially leading to negative investor sentiment and a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100