Matterport Sees Q1 2024 Adj. EPS $(0.04)-$(0.02) Vs $(0.03) Est.; Revenue $39M-$41M Vs $41.200M Est.
Portfolio Pulse from Benzinga Newsdesk
Matterport projects its Q1 2024 adjusted EPS to be between $(0.04) and $(0.02), compared to the $(0.03) estimate. The company anticipates revenue to be in the range of $39M to $41M, which is slightly below the estimated $41.2M.
February 20, 2024 | 9:33 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Matterport anticipates its Q1 2024 adjusted EPS to be slightly below expectations, with revenue also expected to fall short of estimates.
Matterport's projection of both adjusted EPS and revenue for Q1 2024 being below analyst estimates suggests a potential negative impact on investor sentiment and stock price in the short term. The discrepancy, especially in revenue expectations, could lead to concerns about growth and profitability, influencing the stock's performance negatively.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100