Surf Air Mobility FY23 Revenue $107.5M-$112.5M Vs $113.4M Est.
Portfolio Pulse from Benzinga Newsdesk
Surf Air Mobility forecasts its FY23 revenue to be between $107.5M and $112.5M, which is below the estimated $113.4M.
November 14, 2023 | 9:25 pm
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NEGATIVE IMPACT
Surf Air Mobility's revenue forecast for FY23 is lower than analysts' expectations, which could lead to negative investor sentiment in the short term.
Revenue forecasts are a critical indicator of a company's future performance. Surf Air Mobility's projection falling below the estimated figure suggests potential challenges ahead, which may concern investors and negatively affect the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100