Certara Sees FY23 EPS $0.44-$0.48 Vs $0.52 Est.; Revenue $345M-$360M Vs $377.16M Est.
Portfolio Pulse from Happy Mohamed
Certara has updated its FY23 guidance, expecting revenue to be in the range of $345M-$360M, lower than the estimated $377.16M. Adjusted EBITDA is expected to be between $120M-$128M, and adjusted diluted EPS is projected to be $0.44-$0.48, lower than the $0.52 estimate.
August 09, 2023 | 9:45 pm
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Certara's revised FY23 guidance indicates lower than expected revenue and EPS, which could negatively impact the company's stock price in the short term.
Certara's revised guidance for FY23 indicates lower than expected revenue and EPS. This could lead to a negative sentiment among investors, potentially causing a short-term decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100