Amdocs Sees Q4 EPS $1.38-$1.44 Vs $1.5 Est.; Revenue $1.22B-$1.26B Vs $1.25B Est.
Portfolio Pulse from Happy Mohamed
Amdocs has released its Q4 2023 outlook, expecting EPS to be between $1.38-$1.44, lower than the estimated $1.5. The company also anticipates revenue to be between $1.22B-$1.26B, which is in line with the estimated $1.25B. The guidance assumes a negative $2m sequential impact from foreign currency fluctuations.
August 04, 2023 | 12:23 pm
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NEGATIVE IMPACT
Amdocs' lower than expected EPS guidance for Q4 2023 might negatively impact its stock price in the short term.
Amdocs' EPS guidance for Q4 2023 is lower than the market's expectation, which could lead to a negative sentiment among investors and potentially a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100