Catalent Shares Plunge 7% Following Q4 Revenue Miss & Weak Outlook

Catalent, Inc. (NYSE:CTLT) shares plummeted more than 7% on Monday on the company’s reported Q4 results and missed guidance.

Q4 EPS came in at $1.19, better than the Street estimate of $1.14. Revenue was $1.31 billion, missing the Street estimate of $1.33 billion. The company provided its full 2023-year outlook, expecting revenue in the range of $4.975-5.225 billion, compared to the Street estimate of $5.26 billion.

Analysts at Deutsche Bank reiterated their hold rating on the company’s shares with limited visibility to the upside to consensus estimates although they see an improving risk/reward following the stock action on Monday.