SS&C Techs Hldgs: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
SS&C Techs Hldgs (NASDAQ:SSNC) reported Q4 earnings, beating estimates with an EPS of $1.26 against the expected $1.24. Revenue increased by $73.00 million from the previous year. Despite a miss in the last quarter's EPS, which led to a 1.48% share price drop, the company has shown improvement in its latest report.
February 13, 2024 | 9:15 pm
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POSITIVE IMPACT
SS&C Techs Hldgs reported a positive Q4 earnings surprise with an EPS of $1.26, surpassing the estimate of $1.24, and a significant year-over-year revenue increase.
The positive earnings report, especially after a previous quarter miss, is likely to instill investor confidence and could lead to a short-term uptick in SSNC's stock price. Historical data shows a 1.48% drop after the last miss, indicating market sensitivity to earnings reports. The beat and revenue increase this quarter set a positive tone.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100