Verint Sees FY24 EPS $2.65 Vs $2.65 Est.; Revenue $910M +/- 2% Vs $934.58M Est.
Portfolio Pulse from Happy Mohamed
Verint has provided its non-GAAP annual outlook for FYE 2024, expecting an EPS of $2.65, which is in line with estimates, and revenue of $910 million, which is slightly below the estimated $934.58 million. The company also expects SaaS revenue to grow by 18%-20% YoY, and adjusted EBITDA to be $250 million, reflecting a 5% YoY growth. The outlook excludes certain GAAP measures and does not account for potential impacts of any future business acquisitions.
September 06, 2023 | 8:10 pm
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Verint's FYE 2024 outlook is slightly below estimates in terms of revenue, but in line with EPS estimates. This could potentially impact the company's stock in the short term.
Investors often react to a company's earnings outlook. In this case, Verint's revenue outlook is slightly below estimates, which could potentially lead to a negative reaction in the market. However, the EPS outlook is in line with estimates, which might mitigate the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100