SolarWinds Corp Expects Q1 Revenue of $187M-$192M Vs $191.8M Est, Adj EPS $0.20-$0.22 Vs $0.22 Est, FY24 Revenue of $771M-$786M Vs $779.74M Est, Adj EPS $0.95-$1.00 Vs $0.95 Est
Portfolio Pulse from Benzinga Newsdesk
SolarWinds Corp projects Q1 2024 revenue of $187M-$192M, slightly below the $191.8M estimate, and adjusted EPS of $0.20-$0.22, against a $0.22 estimate. For FY24, it expects revenue of $771M-$786M, around the $779.74M estimate, with adjusted EPS of $0.95-$1.00, in line with the $0.95 estimate. The company anticipates growth in revenue and adjusted EBITDA for both periods.
February 08, 2024 | 12:35 pm
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SolarWinds Corp expects Q1 2024 revenue and adjusted EPS slightly below estimates, but forecasts steady growth in revenue and adjusted EBITDA for Q1 and FY24.
The slight miss in Q1 2024 revenue and EPS estimates may cause short-term investor concern, potentially impacting the stock price. However, the forecasted steady growth in revenue and adjusted EBITDA for both Q1 and FY24 indicates a positive outlook, which could mitigate any negative short-term effects.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100