Progyny Sees Q3 EPS $0.09-$0.10 Vs $0.11 Est; Revenue $268M-$273M Vs $265.24M Est
Portfolio Pulse from Benzinga Newsdesk
Progyny Inc. (PGNY) has projected its Q3 earnings per share (EPS) to be between $0.09 and $0.10, which is lower than the estimated $0.11. However, the company's revenue forecast of $268M-$273M surpasses the estimated $265.24M.
August 04, 2023 | 2:46 pm
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NEUTRAL IMPACT
Progyny's lower than expected Q3 EPS may negatively impact its stock price. However, the higher revenue forecast could offset this impact.
Lower earnings per share (EPS) often lead to a decrease in a company's stock price as it indicates reduced profitability. However, the higher revenue forecast suggests strong sales performance, which could mitigate the negative impact of the lower EPS on the stock price.
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