MultiPlan Anticipates Q2 2024 Revenues Of $235M-$250M Versus Consensus Of $252.80M, With Adjusted EBITDA Of $145M-$160M
Portfolio Pulse from Benzinga Newsdesk
MultiPlan projects its Q2 2024 revenues to be between $235M-$250M, falling short of the consensus estimate of $252.80M. The company also forecasts its adjusted EBITDA to range from $145M to $160M.
May 08, 2024 | 10:06 am
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MultiPlan anticipates lower-than-expected Q2 2024 revenues of $235M-$250M vs. consensus of $252.80M, with adjusted EBITDA of $145M-$160M.
MultiPlan's projected revenues for Q2 2024 are below the consensus estimates, which could lead to negative investor sentiment and potentially impact the stock price negatively in the short term. The forecasted adjusted EBITDA, while providing some insight into expected profitability, may not be sufficient to offset the lower revenue expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100