HashiCorp Sees Q2 EPS $(0.16)-$(0.14) Vs $(0.12) Est.; Revenue $137M-$139M Vs $141.43M Est.; FY24 EPS $(0.27)-$(0.24) Vs ($0.39) Est.; Revenue $564M-$570M Vs $593.46M Est.
Portfolio Pulse from Happy Mohamed
HashiCorp expects Q2 EPS loss of $0.16-$0.14, lower than the estimated $0.12, and revenue of $137M-$139M, below the estimated $141.43M. For FY24, the company forecasts EPS loss of $0.27-$0.24 and revenue of $564M-$570M, both lower than estimates.
June 07, 2023 | 8:17 pm
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NEGATIVE IMPACT
HashiCorp's lower-than-expected Q2 and FY24 EPS and revenue forecasts may negatively impact its stock price.
HashiCorp's lower-than-expected Q2 and FY24 earnings per share (EPS) and revenue forecasts indicate that the company may underperform compared to market expectations. This could lead to a negative impact on its stock price as investors may adjust their positions based on the new information.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100