Omnicell Sees FY24 Revenues Between $1.07B-$1.110B Vs. $1.06B Estimate (Prior View: $1.045B-$1.120B) With Adjusted EPS Of $1.20-$1.50 Vs. $1.11 Estimate (Prior View: $0.90 - $1.40)
Portfolio Pulse from Benzinga Newsdesk
Omnicell has updated its FY24 guidance, projecting revenues between $1.07B-$1.110B, surpassing the previous estimate of $1.06B. Adjusted EPS is expected to be $1.20-$1.50, higher than the prior estimate of $1.11. The company cites strong first-half performance and current business visibility as reasons for the update.
August 01, 2024 | 11:17 am
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Omnicell has raised its FY24 revenue guidance to $1.07B-$1.110B, exceeding the previous estimate of $1.06B. Adjusted EPS is also expected to be higher at $1.20-$1.50 compared to the prior estimate of $1.11. This positive update is driven by strong first-half performance and current business visibility.
The updated guidance indicates better-than-expected financial performance, which is likely to positively impact Omnicell's stock price in the short term. The increase in both revenue and EPS estimates suggests strong business fundamentals and improved investor sentiment.
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