PACS Group Sees FY24 Revenue $3.85B-$3.95B Vs $3.76B Est.
Portfolio Pulse from Benzinga Newsdesk
PACS Group has provided its revenue guidance for FY24, expecting it to be between $3.85 billion and $3.95 billion, surpassing the estimated $3.76 billion. The company also projects adjusted EBITDA to be in the range of $370 million to $380 million. PACS's portfolio includes 248 healthcare operations and 87 real estate assets, with plans to continue acquiring both performing and underperforming operations.
August 12, 2024 | 8:12 pm
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PACS Group has provided an optimistic revenue guidance for FY24, expecting it to be between $3.85 billion and $3.95 billion, which is higher than the estimated $3.76 billion. The company also projects adjusted EBITDA to be in the range of $370 million to $380 million.
The revenue guidance provided by PACS Group for FY24 is higher than the market estimates, which is a positive indicator for the company's financial health. This is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100