Embecta Raises FY24 Revenue Outlook To $1.111B-$1.116B Vs. $1.11B Estimate (Prior View: $1.094B-$1.116B) ; Increases Adjusted Earnings Per Diluted Share Outlook To $2.20-$2.30 Vs. $2.10 Estimate (Prior View: $1.95 - $2.15)
Portfolio Pulse from Benzinga Newsdesk
Embecta has updated its FY24 revenue and adjusted earnings per diluted share outlook, raising both above previous estimates. The new revenue forecast is between $1.111B and $1.116B, up from the prior range of $1.094B to $1.116B, and surpassing the $1.11B estimate. Adjusted earnings per diluted share are now expected to be between $2.20 and $2.30, an increase from the previous forecast of $1.95 to $2.15, and higher than the $2.10 estimate.
May 09, 2024 | 10:37 am
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Embecta has raised its FY24 revenue and adjusted earnings per share outlook, indicating stronger financial performance than previously anticipated.
Embecta's upward revision of both revenue and earnings forecasts for FY24 suggests a positive outlook on its financial health and operational efficiency. This revision surpasses previous estimates and indicates a stronger than expected performance, likely leading to increased investor confidence and potentially a positive impact on the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100