SolarWinds Corp Expects Q3 Revenue $182M-$186M Vs $182.21M Est, Adj EPS $0.17-$0.19 Vs $0.18 Est, FY23 Revenue $740M-$748M (Prior $725M-$740M) Vs $734.18M Est, Adj EPS $0.76-$0.79 (Prior $0.71-$0.76) Vs $0.73 Est
Portfolio Pulse from Benzinga Newsdesk
SolarWinds Corp has updated its Q3 and FY23 revenue and EPS estimates. The company now expects Q3 revenue to be between $182M-$186M, with an adjusted EPS of $0.17-$0.19. For FY23, the revenue estimate has been raised to $740M-$748M from the previous $725M-$740M, and the adjusted EPS is now expected to be $0.76-$0.79, up from the prior $0.71-$0.76.
August 04, 2023 | 1:14 pm
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POSITIVE IMPACT
SolarWinds Corp has raised its Q3 and FY23 revenue and EPS estimates, which could positively impact its stock price.
Companies often see their stock prices increase when they raise their revenue and EPS estimates, as this signals to investors that the company is performing well and expects to continue doing so. In this case, SolarWinds has raised both its Q3 and FY23 estimates, which could make its stock more attractive to investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100