The price of EMBC is predicted to go up -8.1%, based on the high correlation periods with ATER. The similarity of these two price pattern on the periods is 98.86%.
EMBC
ATER
Down: -8.1%Similarity: 98.86%
EMBC Revenue Forecast
EMBC EPS Forecast
EMBC FAQs
What is EMBC revenue forecast for next quarter?
The market consensus for EMBC's revenue in the upcoming quarter is projected to be approximately $261.766M USD.
What is EMBC eps forecast for next quarter?
The market consensus for EMBC's eps in the upcoming quarter is projected to be approximately $0.588 USD.
BTIG upgraded Embecta to Buy from Neutral with a $26 price target. Shares gained about 30% in Tuesday trading as investors rewarded management's decision to discontinue the patch pump program, notes the analyst, who is also "pleased with the decision from a financial perspective." The rebound in adjusted EBIT margin as a result of a steep cut in R&D spending will unlock significant free cash flow for Embecta to repay debt and reduce its net leverage ratio, the analyst tells investors. When combined with fewer separation-related expenses, the firm thinks Embecta may eventually be able to pursue more opportunistic M&A, the analyst added.