Qualys Sees Q1 2024 Adj. EPS $1.27-$1.35 Vs 1.26 Est.; Revenue $144.5M-$146.5M Vs $146.224M Est.
Portfolio Pulse from Benzinga Newsdesk
Qualys projects its Q1 2024 adjusted EPS to be between $1.27 and $1.35, surpassing the estimated $1.26. The company anticipates revenue to range from $144.5M to $146.5M, slightly below the $146.224M estimate.
February 07, 2024 | 9:46 pm
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Qualys expects its Q1 2024 adjusted EPS to exceed analyst estimates, with projected revenues slightly below expectations.
The positive adjustment in EPS expectations suggests strong operational performance and efficiency, likely to boost investor confidence and potentially drive the stock price up. However, the slight miss on revenue forecasts could temper some of the positive sentiment, making the overall short-term impact positive but with caution.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100