Open Text Q4 Adj EPS $0.91 Misses $0.94 Estimate, Sales $1.49B Miss $1.51B Estimate
Portfolio Pulse from bharat@benzinga.com
Open Text (NASDAQ:OTEX) reported Q4 earnings of $0.91 per share, missing the analyst consensus estimate of $0.94 by 3.19%. The company also reported quarterly sales of $1.49 billion, missing the analyst consensus estimate of $1.51 billion by 1.26%. However, both earnings and sales have increased compared to the same period last year.
August 04, 2023 | 2:25 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Open Text's Q4 earnings and sales missed estimates, which could negatively impact the stock price in the short term. However, the YoY increase in both earnings and sales might mitigate this impact.
Missing earnings and sales estimates typically leads to a negative reaction in the stock market. However, the YoY increase in both earnings and sales indicates the company's growth, which might be positively received by investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100