Multiplan Lowers 2024 Sales Guidance To $935M-$955M From Prior Guidance Of $1B-$1.03B Versus Consensus Of $1.009B
Portfolio Pulse from Benzinga Newsdesk
Multiplan has lowered its 2024 sales guidance to $935M-$955M from the prior guidance of $1B-$1.03B, which is below the consensus of $1.009B. The company also updated its guidance for adjusted EBITDA, cash flow from operations, and other financial metrics.
August 01, 2024 | 10:26 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Multiplan has revised its 2024 sales guidance downward to $935M-$955M from the previous $1B-$1.03B, which is below the consensus estimate of $1.009B. The company also lowered its adjusted EBITDA and cash flow from operations guidance.
The downward revision in sales guidance and other financial metrics is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100