Omnicell (OMCL) Tops Q3 EPS by 5c; Lowers Outlook
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Benchmark Downgrades Omnicell (OMCL) to Hold
November 3, 2022 6:11 AM EDTBenchmark analyst Bill Sutherland downgraded Omnicell (NASDAQ: OMCL) from Buy to Hold.
The analyst comments "Yesterday, OMCL shocked investors with downwardly revised 2022 expectations that included a 29% drop in 2022 product bookings and implied 4Q22 revenue and non-GAAP EBITDA declines of 7% and 76%, respectively. Nearly the entire problem relates to the XT automated dispensing cabinets (ADCs), which represent over half of total product bookings and, unlike the rest... More
