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Tuesday, November 5, 2024

Exact Sciences (EXAS) Misses Q3 EPS by 1c, Lowers Guidance

 Exact Sciences (NASDAQ: EXAS) reported Q3 EPS of ($0.21), $0.01 worse than the analyst estimate of ($0.20). Revenue for the quarter came in at $709 million versus the consensus estimate of $716.8 million.

GUIDANCE:

Exact Sciences sees FY2024 revenue of $2.73-2.75 billion, versus the consensus of $2.83 billion.

The Company has updated its full-year 2024 revenue and adjusted EBITDA guidance:

Prior guidance

November 5 update

Total revenue

$2.810 - $2.850 billion

$2.730 - $2.750 billion

Screening

$2.155 - $2.175 billion

$2.080 - $2.095 billion

Precision Oncology

$655 - $675 million

$650 - $655 million

Adjusted EBITDA

$335 - $355 million

$310 - $320 million


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