Box Sees Q2 Adj. EPS $0.34-$0.35 vs $0.33 Est., Revenue $260M-$262M vs $260.3M Est.; Sees FY24 Adj. EPS $1.44-$1.50 vs $1.44 Est., Revenue $1.045B-$1.055B vs $1.06B Est.
Portfolio Pulse from Benzinga Newsdesk
Box reported Q2 adjusted EPS guidance of $0.34-$0.35, beating the $0.33 estimate, and revenue guidance of $260M-$262M, in line with the $260.3M estimate. The company also provided FY24 adjusted EPS guidance of $1.44-$1.50, matching the $1.44 estimate, and revenue guidance of $1.045B-$1.055B, slightly below the $1.06B estimate.
May 30, 2023 | 8:13 pm
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POSITIVE IMPACT
Box's Q2 adjusted EPS guidance beats estimates, while revenue guidance is in line with expectations. FY24 EPS guidance matches estimates, but revenue guidance is slightly below expectations.
Box's Q2 adjusted EPS guidance is higher than the estimate, which is a positive signal for investors. The revenue guidance for Q2 is in line with expectations, while the FY24 EPS guidance matches estimates. However, the FY24 revenue guidance is slightly below expectations, which may cause some concern. Overall, the positive EPS guidance outweighs the slight miss on revenue guidance, and the stock price is likely to go up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100