Bioventus Raises 2024 Guidance: Now Expects Net Sales Of $535M-$550M (Prior $520M-$535M) Vs. $528.033M Est., And Adj. EPS Of $0.25 To $0.33 (Prior $0.12-$0.20) Vs. $0.16 Est.
Portfolio Pulse from Benzinga Newsdesk
Bioventus has updated its 2024 financial guidance, raising net sales expectations to $535M-$550M from the previous $520M-$535M, and adjusted EPS to $0.25-$0.33 from $0.12-$0.20, reflecting strong business momentum.
May 07, 2024 | 11:17 am
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Bioventus raises its 2024 financial guidance, indicating a positive outlook on net sales and adjusted EPS, surpassing previous estimates.
Bioventus's upward revision of its 2024 financial guidance suggests a strong operational performance and business momentum. The increase in both net sales and adjusted EPS forecasts not only exceeds previous company estimates but also surpasses analyst expectations. This positive adjustment is likely to instill investor confidence, potentially leading to a short-term uptick in BVS's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100