Qualys Sees Q4 2023 Adj. EPS $1.18-$1.28 Vs $1.12 Est.; Revenue $144.1M-$145.1M Vs $145.16M Est.
Portfolio Pulse from Benzinga Newsdesk
Qualys has projected its Q4 2023 adjusted EPS to be between $1.18 and $1.28, which is higher than the estimated $1.12. The company also expects its revenue to be between $144.1M and $145.1M, slightly below the estimated $145.16M.
November 02, 2023 | 9:34 pm
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NEUTRAL IMPACT
Qualys' higher than expected EPS forecast for Q4 2023 could positively impact its stock price. However, the slightly lower revenue projection might offset this positive impact.
The higher EPS forecast indicates that Qualys is expected to have a better profitability, which is a positive signal to investors and could drive the stock price up. However, the slightly lower revenue projection might concern some investors as it could indicate slower growth, potentially offsetting the positive impact of the higher EPS.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100