UPDATE: Definitive Healthcare Sees Q4 2023 Adj. EPS $0.06-$0.08 Vs $0.04 Est.; Revenue $65.5M-$66.4M Vs $66.83M Est.
Portfolio Pulse from Benzinga Newsdesk
Definitive Healthcare has projected its Q4 2023 adjusted EPS to be between $0.06 and $0.08, higher than the estimated $0.04. However, the company's revenue forecast of $65.5M-$66.4M is slightly lower than the estimated $66.83M.
November 03, 2023 | 3:46 pm
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Definitive Healthcare's higher than expected EPS forecast for Q4 2023 could positively impact its stock price. However, the lower revenue forecast might offset this positive impact.
The company's higher than expected EPS forecast indicates strong profitability, which could attract investors and drive the stock price up. However, the lower revenue forecast could be a concern for investors, potentially limiting the stock's upside.
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