Amdocs Limited Sees Q2 2024 Adj. EPS $1.53-$1.59 Vs $1.60 Est.; Revenue $1.225B-$1.265B Vs $1.223B
Portfolio Pulse from Benzinga Newsdesk
Amdocs Limited (DOX) provided guidance for Q2 2024, projecting adjusted EPS to be between $1.53 and $1.59, which is below the estimated $1.60. Revenue is expected to be between $1.225B and $1.265B, slightly above the $1.223B estimate.
February 06, 2024 | 9:10 pm
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Amdocs Limited projects Q2 2024 adjusted EPS below estimates but expects revenue to slightly exceed expectations.
The projected EPS being slightly below the estimate may concern some investors, potentially putting downward pressure on the stock. However, the higher revenue forecast could offset concerns by indicating potential growth or market share gains. The mixed guidance results in a neutral short-term impact score, as the positive revenue outlook may balance the slightly negative EPS projection.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100