MultiPlan Expects Q3 2024 Sales Of $230M-$245M Versus Consensus Of $259.24M, With Adjusted EBITDA Of $140M-$150M
Portfolio Pulse from Benzinga Newsdesk
MultiPlan (MPLN) expects Q3 2024 sales to be between $230M and $245M, which is below the consensus estimate of $259.24M. The company also projects adjusted EBITDA to be in the range of $140M to $150M.
August 01, 2024 | 10:30 am
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MultiPlan's Q3 2024 sales forecast of $230M-$245M is below the consensus estimate of $259.24M, which may negatively impact investor sentiment. The adjusted EBITDA projection of $140M-$150M is also a key metric to watch.
The lower-than-expected sales forecast is likely to disappoint investors, leading to a potential short-term decline in MPLN's stock price. The adjusted EBITDA range, while important, is secondary to the revenue miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100