Gen Sees FY24 Adj. EPS $1.95-$1.97 Vs $2.27 Estimate, Sees Revenue $3.805B-$3.815B Vs $3.988B Estimate
Portfolio Pulse from Benzinga Newsdesk
Gen forecasts its FY24 adjusted EPS to be between $1.95 and $1.97, below the $2.27 estimate. Revenue is expected to be between $3.805B and $3.815B, also below the $3.988B estimate.
February 01, 2024 | 9:15 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Gen has revised its FY24 earnings and revenue forecasts downwards, with both figures falling short of analyst estimates.
Gen's announcement of lower-than-expected FY24 earnings and revenue forecasts is likely to negatively impact investor sentiment and the stock price in the short term. The significant miss from analyst estimates on both key financial metrics indicates potential challenges ahead for the company, leading to a bearish outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100