RadNet Raised FY24 Net Revenue From $1.650B-$1.700B To $1.675B-$1.725B Vs $1.755B Est.
Portfolio Pulse from Benzinga Newsdesk
RadNet has increased its FY24 net revenue forecast from the range of $1.650 billion-$1.700 billion to $1.675 billion-$1.725 billion, which is still below the estimated $1.755 billion.
May 08, 2024 | 9:48 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
RadNet has revised its FY24 revenue projections upwards, yet the new forecast remains below market expectations.
The upward revision in RadNet's revenue forecast indicates a positive outlook from the company. However, since the revised forecast is still below the analysts' expectations, it may lead to negative sentiment among investors in the short term, potentially putting downward pressure on RDNT's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100