Asure Software Sees Q4 Revenue $25M-$27M Vs $29.08M Est.
Portfolio Pulse from Benzinga Newsdesk
Asure Software has projected its Q4 revenue to be between $25M and $27M, which falls short of the estimated $29.08M.
November 13, 2023 | 9:30 pm
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NEGATIVE IMPACT
Asure Software's Q4 revenue projection is below analysts' expectations, potentially indicating a negative impact on its stock price.
Revenue projections that are lower than analyst estimates can lead to a decrease in investor confidence and a potential drop in stock price. Asure Software's announcement of lower-than-expected Q4 revenue is likely to have a negative impact on its stock in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100