Oscar Health Raises FY24 Revenue Forecast From $8.3B - $8.4B To $9.0B - $9.1B, Est $8.604B
Portfolio Pulse from Benzinga Newsdesk
Oscar Health has raised its FY24 revenue forecast from $8.3B - $8.4B to $9.0B - $9.1B, surpassing the estimated $8.604B. Additionally, the company has increased its adjusted EBITDA forecast by $35 million, now expecting it to be in the range of $160 million to $210 million.
August 07, 2024 | 10:08 am
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Oscar Health has raised its FY24 revenue forecast to $9.0B - $9.1B, exceeding the estimated $8.604B. The company also increased its adjusted EBITDA forecast by $35 million, indicating a stronger financial performance.
The raised revenue and adjusted EBITDA forecasts indicate a stronger financial performance for Oscar Health, which is likely to positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100