Crowdstrike Sees Q4 Adj. EPS $0.81-$0.82 vs $0.78 Est., Total Revenue $836.6M-$840.0M vs $836.71M Est.
Portfolio Pulse from Benzinga Newsdesk
Crowdstrike reported its Q4 adjusted earnings per share (EPS) to be between $0.81 and $0.82, surpassing the estimated $0.78. The company's total revenue is projected to be between $836.6M and $840.0M, which is in line with the estimated $836.71M.
November 28, 2023 | 9:11 pm
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POSITIVE IMPACT
Crowdstrike's Q4 adjusted EPS is expected to be higher than analyst estimates, with revenues matching expectations.
Beating EPS estimates typically leads to a positive market reaction as it indicates better-than-expected profitability. Revenue being in line with estimates suggests stable growth, reinforcing the positive outlook. However, since the revenue is only meeting expectations, the impact may be slightly tempered.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100