i3 Verticals Sees 2024 Adj. EPS $1.60-$1.78 vs $1.77 Est., Revenue $385M-$410M vs $405.84M Est.
Portfolio Pulse from Benzinga Newsdesk
i3 Verticals projects its adjusted EPS for 2024 to be between $1.60 and $1.78, compared to the estimated $1.77. The company also forecasts revenue to be in the range of $385M to $410M, versus the estimated $405.84M.

November 15, 2023 | 9:27 pm
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NEUTRAL IMPACT
i3 Verticals' projected adjusted EPS for 2024 is slightly below the consensus estimate, while its revenue forecast is broadly in line with expectations.
The projected EPS range has a midpoint slightly below the estimated $1.77, which could be seen as a mild negative signal. However, the revenue forecast overlaps with the analyst estimate, suggesting that the company's performance is expected to be in line with market expectations. This mixed outlook is likely to have a neutral short-term impact on the stock price, as investors digest both the slight miss on the EPS and the alignment on revenue projections.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100