Workiva Expects Full Year 2024 Total Revenue Of $718M-$722M (Est $731.727M), Adj EPS Of 0.56-$0.63 (Est $0.80)
Portfolio Pulse from Benzinga Newsdesk
Workiva projects its full-year 2024 total revenue to be between $718M-$722M, which is below the estimated $731.727M. The company also forecasts its adjusted EPS to range from $0.56 to $0.63, lower than the expected $0.80.
February 20, 2024 | 9:56 pm
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NEGATIVE IMPACT
Workiva's FY2024 revenue and EPS forecasts fall short of analyst expectations, indicating potential downward pressure on its stock price in the short term.
Workiva's announcement of lower-than-expected revenue and EPS forecasts for FY2024 could lead to a negative investor sentiment, potentially causing a short-term decline in its stock price. The discrepancy between the company's projections and analyst estimates may be viewed unfavorably by the market.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100