Neuronetics Forecasts Q3 revenue of $18.5M-$19.5M Versus Consensus Of $20.115M, With 2024 Sales Of $78M-$80M Compared To Consensus Of $79.15M
Portfolio Pulse from Benzinga Newsdesk
Neuronetics forecasts Q3 revenue of $18.5M-$19.5M, below the consensus of $20.115M. For 2024, the company expects sales of $78M-$80M, compared to the consensus of $79.15M. Full-year 2024 operating expenses are projected to be between $78M and $80M.
August 12, 2024 | 11:18 am
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Neuronetics forecasts Q3 revenue below consensus, which may negatively impact short-term stock price. Full-year 2024 sales and operating expenses are in line with expectations.
The forecasted Q3 revenue is below the consensus, which is likely to negatively impact investor sentiment and the stock price in the short term. However, the full-year 2024 sales and operating expenses are in line with expectations, which may mitigate some of the negative impact.
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IMPORTANCE 80
RELEVANCE 100