Why Embecta Stock Is Tanking Today [Yahoo! Finance]
Embecta Corp. (EMBC)
Company Research
Source: Yahoo! Finance
Despite the big sell-off, Embecta reported positive Q1 results. The company generated revenue in the quarter of $277.3 million, up 0.6% year over year and better than the average analysts' estimate of $264.9 million. Embecta also posted earnings of $20.1 million, or $0.35 per share, based on generally accepted accounting principles ( GAAP ). This result reflected a sharp decline from the prior-year period. However, the company's adjusted earnings per share of $0.61 million blew past the consensus Wall Street estimate of $0.45 per share. What did investors dislike about Embecta's Q1 update? But the stock sank, so there had to be something investors disliked about Embecta's fiscal Q1 update, right? The problem area was the company's guidance for the 2024 full fiscal year. Sure, Embecta raised its revenue outlook from between $1.085 billion and $1.105 billion to between $1.094 billion and $1.116 billion. The midpoint of this range, though, is still a little short of the consensu
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EMBC
News
- embecta to Report Fiscal Second Quarter 2024 Financial ResultsGlobeNewswire
- embecta-sponsored Educational Symposium and Abstracts at ATTD Highlight Role of Insulin Pumps in the Management of Type 2 DiabetesGlobeNewswire
- Europe Pen Needles Market Forecast Report to 2030, Featuring Embecta, Novo Nordisk, Ypsomed, B.Braun Melsungen, Terumo, Nipro, Owen Mumford, Arkray, UltiMed and Allison Medical [Yahoo! Finance]Yahoo! Finance
- Embecta (NASDAQ:EMBC) Has Affirmed Its Dividend Of $0.15 [Yahoo! Finance]Yahoo! Finance
- Embecta Corp. (NASDAQ:EMBC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
EMBC
Earnings
- 2/9/24 - Beat
EMBC
Sec Filings
- 4/23/24 - Form 3/A
- 4/23/24 - Form 3/A
- 4/8/24 - Form 4
- EMBC's page on the SEC website