Azenta Sees FY24 Adj. EPS $0.27-$0.37 vs $0.26 Est., Revenue $659M-$671M vs $703.77M Est.
Portfolio Pulse from Benzinga Newsdesk
Azenta projects its FY24 adjusted EPS to be between $0.27 and $0.37, surpassing the estimated $0.26. However, its revenue forecast of $659M-$671M falls short of the expected $703.77M.
May 08, 2024 | 8:37 pm
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Azenta's FY24 EPS forecast exceeds expectations, but its revenue projection is below market estimates.
Azenta's higher-than-expected EPS forecast could positively impact investor sentiment, indicating operational efficiency or cost management success. However, the lower revenue forecast might raise concerns about sales growth or market demand, potentially offsetting the positive EPS impact. The mixed forecast leads to a neutral short-term price direction expectation.
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