Matterport Sees FY24 Adj. EPS $(0.11)-$(0.07) Vs $(0.10) Est.; Revenue $173M-$183M Vs $177.692M Est.
Portfolio Pulse from Benzinga Newsdesk
Matterport projects its FY24 adjusted EPS to be between $(0.11) and $(0.07), compared to the estimated $(0.10). The company anticipates revenue to range from $173 million to $183 million, versus the estimated $177.692 million.

February 20, 2024 | 9:33 pm
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NEUTRAL IMPACT
Matterport's FY24 financial projections show a slight variance in adjusted EPS compared to estimates but align closely with revenue expectations.
The projected adjusted EPS range indicates a potential for both underperformance and overperformance relative to the market's expectation, suggesting a neutral short-term impact. The revenue forecast closely aligns with analyst estimates, indicating stability in Matterport's business outlook. Given the close alignment with expectations, significant short-term price movements are less likely, unless broader market conditions or additional company-specific news influence investor sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100