ADMA Biologics Analysts Increase Their Forecasts After Upbeat Results
Portfolio Pulse from Avi Kapoor
ADMA Biologics, Inc. (NASDAQ:ADMA) exceeded first-quarter financial expectations with GAAP earnings of 8 cents per share and quarterly sales of $81.875 million, surpassing estimates. The company also provided strong revenue guidance for FY24 and FY25, projecting over $355 million and $410 million, respectively. Following these results, Mizuho and HC Wainwright & Co. raised their price targets for ADMA Biologics, reflecting optimism about the company's growth prospects.
May 10, 2024 | 12:32 pm
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ADMA Biologics reported higher-than-expected Q1 earnings and sales, with optimistic revenue guidance for FY24 and FY25. Analysts at Mizuho and HC Wainwright & Co. raised their price targets, signaling confidence in the company's growth trajectory.
The positive earnings report and upward revision of revenue forecasts indicate strong operational performance and growth potential. Analyst upgrades further validate the company's positive outlook, likely leading to increased investor confidence and potential stock price appreciation in the short term.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100