Digital Turbine Sees FY24 Adj. EPS $0.50-$0.54 vs $0.61 Est., Revenue $547M-$553M vs $572.46M Est.
Portfolio Pulse from Benzinga Newsdesk
Digital Turbine projects its FY24 adjusted EPS to be between $0.50 and $0.54, which is below the estimated $0.61. The company also forecasts revenue to be in the range of $547M to $553M, falling short of the expected $572.46M.
February 07, 2024 | 10:15 pm
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NEGATIVE IMPACT
Digital Turbine's FY24 earnings and revenue forecasts are below analysts' expectations, indicating potential challenges ahead.
Digital Turbine's projection of both lower earnings per share and revenue than analysts' estimates for FY24 suggests potential operational or market challenges. This could lead to negative investor sentiment in the short term, impacting the stock price negatively.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100