OraSure Sees Q2 2024 Revenue $50M-$55M Vs $53.7M Estimate
Portfolio Pulse from Benzinga Newsdesk
OraSure Technologies, Inc. projects its Q2 2024 revenue to be in the range of $50M-$55M, which is around the current analyst estimate of $53.7M. This forecast suggests that the company's performance may align closely with market expectations.
May 08, 2024 | 9:59 pm
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OraSure Technologies, Inc. forecasts Q2 2024 revenue to be between $50M-$55M, closely matching the analyst estimate of $53.7M.
OraSure's revenue forecast for Q2 2024 suggests that the company's performance is expected to closely align with analyst expectations, indicating a potential stability in its stock price. The forecast falls within the range of the current analyst estimate, which may not lead to significant stock price movements as it does not significantly exceed or fall short of market expectations. Therefore, the impact on the stock price is considered neutral in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90