NeueHealth Expects 2024 Revenues Of Approximately $950M Versus Consensus Of $1.00B
Portfolio Pulse from Benzinga Newsdesk
NeueHealth expects 2024 revenues of approximately $950 million, below the consensus of $1 billion. Segment-wise, NeueCare is expected to generate $320 million, and NeueSolutions $640 million. Adjusted operating cost ratio is projected to be 15-16% excluding corporate costs, and 19-20% including them. Adjusted EBITDA is anticipated to be between $15 million and $25 million in 2024.
August 07, 2024 | 10:49 am
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NEGATIVE IMPACT
NeueHealth's 2024 revenue forecast of $950 million falls short of the $1 billion consensus, which may concern investors. Adjusted EBITDA is expected to be between $15 million and $25 million.
The revenue forecast falling short of the consensus is likely to negatively impact investor sentiment. The adjusted EBITDA range, while positive, may not offset concerns about the revenue shortfall.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100