Accolade Sees Q4 Revenue $121.5M-$125.5M Vs $126.33M Est.
Portfolio Pulse from Benzinga Newsdesk
Accolade, Inc. has provided guidance for its Q4 revenue to be in the range of $121.5M to $125.5M, which is below the estimated $126.33M.
January 08, 2024 | 9:06 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Accolade's Q4 revenue guidance is lower than analysts' expectations, which could lead to negative investor sentiment and a potential decrease in stock price in the short term.
Revenue guidance that falls short of analysts' estimates typically results in negative market reactions as it suggests that the company's performance is not meeting expectations. This can lead to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100