Iteris Sees FY24 Revenue $171M-$173M vs $172.98M Est.
Portfolio Pulse from Benzinga Newsdesk
Iteris projects its FY24 revenue to be between $171M and $173M, which is around the analyst estimate of $172.98M.

February 08, 2024 | 9:42 pm
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NEUTRAL IMPACT
Iteris expects its FY24 revenue to be in the range of $171M to $173M, closely matching the analyst estimate of $172.98M.
Iteris's revenue forecast for FY24 is very close to the analyst estimates, indicating that the company's performance is in line with market expectations. This alignment suggests a neutral impact on the stock price in the short term, as there are no significant positive or negative surprises. The high relevance score is due to the direct mention of Iteris's financial forecast, and the importance score reflects the significance of earnings forecasts in influencing investor sentiment. The confidence level is high due to the clear and specific nature of the revenue forecast.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100