Halozyme Reiterates FY24 Guidance: Sees Total Revenue $915M-$985M vs $951.47M Est., Adj. EPS $3.55-$3.90 vs $3.68 Est.
Portfolio Pulse from Benzinga Newsdesk
Halozyme reiterates its FY24 guidance, projecting total revenue between $915M-$985M, compared to the estimated $951.47M, and an adjusted EPS of $3.55-$3.90, against an estimate of $3.68.

May 07, 2024 | 8:29 pm
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Halozyme reiterates its FY24 guidance with revenue projections of $915M-$985M and adjusted EPS of $3.55-$3.90.
Reiterating guidance often stabilizes investor confidence, especially when projections are in line with or exceed analyst estimates. Halozyme's reaffirmation of its FY24 revenue and EPS forecasts, which closely align with analyst expectations, is likely to have a positive short-term impact on its stock price. This is because it signals management's confidence in the company's financial health and growth trajectory.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100