Progyny Sees FY24 Adj. EPS $1.61-$1.68 Vs $0.69 Est.; Revenue $1.230B-$1.270B Vs $1.298B Est.
Portfolio Pulse from Benzinga Newsdesk
Progyny forecasts its FY24 adjusted EPS to be between $1.61 and $1.68, significantly higher than the estimated $0.69. However, its revenue projection of $1.230B to $1.270B falls short of the $1.298B estimate.
May 09, 2024 | 8:06 pm
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POSITIVE IMPACT
Progyny's FY24 earnings per share forecast significantly exceeds analyst expectations, but its revenue forecast is slightly below estimates.
The substantial increase in the forecasted EPS for FY24 compared to the estimated EPS suggests a strong growth outlook for Progyny, likely leading to a positive investor sentiment and potential stock price increase. However, the slight miss in revenue projections could temper some of the enthusiasm, making the overall impact on the stock price positive but with caution due to revenue concerns.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100