Appian Sees Q1 Adj. EPS $(0.21)-$(0.16) vs $(0.17) Est., Total Revenue $148.0M-$150.0M vs $150.84M Est.; Sees FY24 Adj. EPS $(0.73)-$(0.66) vs $(0.60)Est., Total Revenue $615.0M-$617.0M vs $618.17M Est.
Portfolio Pulse from Benzinga Newsdesk
Appian provided its Q1 and FY24 earnings and revenue forecasts, with both falling short of analysts' expectations. For Q1, it expects adjusted EPS between $(0.21) and $(0.16), compared to the $(0.17) estimate, and revenue between $148.0M and $150.0M, against the $150.84M estimate. For FY24, the adjusted EPS forecast is between $(0.73) and $(0.66), versus the $(0.60) estimate, with revenue expected to be between $615.0M and $617.0M, slightly below the $618.17M estimate.
February 15, 2024 | 12:06 pm
News sentiment analysis
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NEGATIVE IMPACT
Appian's Q1 and FY24 earnings and revenue forecasts are below analysts' expectations, indicating potential challenges ahead.
Appian's announcement of lower-than-expected earnings and revenue forecasts for both Q1 and FY24 suggests potential underperformance compared to market expectations. This could lead to negative investor sentiment and a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100