Asure Software Sees FY24 Revenue $125M-$127M Vs $127.09M Est.
Portfolio Pulse from Benzinga Newsdesk
Asure Software projects its FY24 revenue to be between $125M-$127M, which is slightly below the estimated $127.09M by analysts.
November 13, 2023 | 9:30 pm
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NEGATIVE IMPACT
Asure Software's revenue forecast for FY24 falls short of analyst expectations, potentially impacting investor confidence and stock price.
Revenue forecasts that are below analyst expectations can lead to negative investor sentiment and a potential decrease in stock price in the short term. Asure Software's slight miss may not be a significant underperformance, but it could still lead to a cautious or bearish outlook among investors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100