Tenable Sees FY24 Revenue $895M-$905M Vs $905.09M Estimate; Sees Adj. EPS $1.03-$1.10 Vs $0.82 Estimate
Portfolio Pulse from Benzinga Newsdesk
Tenable projects its FY24 revenue to be between $895M and $905M, which is slightly below the $905.09M estimate. However, it expects its adjusted EPS to be between $1.03 and $1.10, surpassing the $0.82 estimate.
February 06, 2024 | 10:01 pm
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Tenable's FY24 revenue projection is slightly below expectations, but its adjusted EPS forecast significantly exceeds estimates.
While the revenue forecast is marginally below the analyst estimate, the significant beat on the adjusted EPS estimate is likely to be viewed positively by investors. The higher profitability as indicated by the EPS forecast suggests operational efficiency and cost management, which could lead to a positive short-term impact on Tenable's stock price.
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