IBEX Sees Q1 Revenue $122M-$125M vs $133.64M Est., Sees FY24 Revenue $525M-$535M vs $554.74M Est.
Portfolio Pulse from Benzinga Newsdesk
IBEX has projected its Q1 revenue to be between $122M-$125M, which is lower than the estimated $133.64M. The company also forecasts its FY24 revenue to be between $525M-$535M, falling short of the estimated $554.74M.
September 13, 2023 | 8:10 pm
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NEGATIVE IMPACT
IBEX has projected lower revenues for Q1 and FY24 than previously estimated. This could potentially impact the company's stock negatively in the short term.
Companies' stock prices are often influenced by their earnings reports. In this case, IBEX has projected lower revenues than previously estimated, which could be perceived negatively by investors and lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100