Quest Diagnostics Forecasts 2024 Net revenues Of $9.5B-$9.58B Versus Prior Guidance Of $9.4B-$9.48B And Consensus Of $9.46B
Portfolio Pulse from Benzinga Newsdesk
Quest Diagnostics has updated its 2024 net revenue forecast to a range of $9.5 billion to $9.58 billion, which is higher than its previous guidance of $9.4 billion to $9.48 billion and above the consensus estimate of $9.46 billion.
July 23, 2024 | 10:57 am
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Quest Diagnostics has raised its 2024 net revenue forecast to $9.5 billion to $9.58 billion, exceeding both its prior guidance and consensus estimates. This positive revision is likely to boost investor confidence and support the stock price in the short term.
The upward revision of the revenue forecast indicates stronger-than-expected performance, which is likely to be viewed positively by investors. This should result in a short-term boost to the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100