American Software FY24 Revenue $100M-$104M Vs $116.02M Est.
Portfolio Pulse from Benzinga Newsdesk
American Software, Inc. has projected its FY24 revenue to be between $100M-$104M, which falls short of the estimated $116.02M.
November 16, 2023 | 9:36 pm
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NEGATIVE IMPACT
American Software's revenue forecast for FY24 is below analysts' expectations, which could lead to a negative short-term impact on its stock price.
Revenue projections that are significantly lower than market estimates typically result in a negative perception of a company's future performance and profitability. This often leads to a decrease in investor confidence and can cause a short-term decline in the stock price. Given that American Software's projected revenue is notably below the estimated figure, it is likely that the stock will face downward pressure in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100