EngageSmart Expects Q3 Revenue $95.0M-$96.0M Vs $97.63M Est, FY23 Revenue $376.5M-$379.0M (Prior $380M-$384M) Vs $382.9M Est
Portfolio Pulse from Benzinga Newsdesk
EngageSmart has revised its Q3 revenue forecast to $95.0M-$96.0M, lower than the estimated $97.63M. The company also lowered its FY23 revenue forecast to $376.5M-$379.0M from the previous $380M-$384M, which is below the estimated $382.9M.
August 04, 2023 | 12:59 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
EngageSmart has lowered its Q3 and FY23 revenue forecasts, which are now below the market estimates. This could negatively impact the company's stock price.
Companies' stock prices are often influenced by their earnings forecasts. If a company lowers its forecast, especially below market estimates, it can lead to a decrease in the stock price as it indicates potential future underperformance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100