Qualys Sees FY23 Adj. EPS $5.04-$5.14 Vs $4.61 Est.; Revenue $554M-$555M Vs $554.22M Est.
Portfolio Pulse from Benzinga Newsdesk
Qualys has projected its FY23 adjusted EPS to be between $5.04 and $5.14, higher than the estimated $4.61. The company also expects its revenue to be between $554M and $555M, slightly above the estimated $554.22M.
November 02, 2023 | 9:36 pm
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POSITIVE IMPACT
Qualys has provided a positive earnings forecast for FY23, with both EPS and revenue expected to surpass estimates. This could potentially lead to a positive impact on the company's stock price.
Qualys' higher than expected earnings forecast for FY23 indicates strong financial performance, which is a key factor investors consider when buying stocks. This positive news could increase demand for QLYS shares, potentially driving up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100