i3 Verticals Revises FY24 Adj. EPS From $1.60-$1.78 To $1.52-$1.64 Vs $1.67 Est.; Revenue From 385M-$410M To $385M-$400M Vs $402.376M Est.
Portfolio Pulse from Benzinga Newsdesk
i3 Verticals has revised its FY24 adjusted EPS forecast from $1.60-$1.78 to $1.52-$1.64, below the $1.67 estimate. Revenue expectations were also adjusted from $385M-$410M to $385M-$400M, compared to the $402.376M estimate.
February 08, 2024 | 9:42 pm
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i3 Verticals has lowered its FY24 earnings and revenue forecasts, indicating potential challenges ahead.
The downward revision in both earnings per share (EPS) and revenue forecasts for FY24 suggests that i3 Verticals may face operational or market challenges that could negatively impact its financial performance. This revision, especially being below analysts' expectations, is likely to create a bearish sentiment among investors in the short term, potentially leading to a decrease in the stock price.
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