Zuora Sees FY24 Adj. EPS $0.25-$0.26 vs $0.22 Est., Total Revenue $430.8M-$432.8M vs $431.05M Est.
Portfolio Pulse from Benzinga Newsdesk
Zuora, Inc. has provided guidance for FY24, projecting an adjusted EPS of $0.25-$0.26, which is above the estimated $0.22. The company also forecasts total revenue to be between $430.8M-$432.8M, straddling the estimate of $431.05M.
November 29, 2023 | 9:15 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Zuora, Inc. anticipates a higher adjusted EPS for FY24 than analysts estimated and projects revenues that are in line with expectations.
Zuora's guidance for a higher adjusted EPS than analysts' expectations is a positive signal for investors, suggesting the company's performance may exceed market predictions. This typically leads to a positive short-term impact on the stock price. The revenue forecast being in line with estimates further supports the stability and potential growth of the company.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100