WalkMe Expects FY24 Revenue Of $279M-$283M Vs. $286.55M Estimate; Expects Q1 Revenue Of $67.6M-$68.6M Vs. $69.34M Estimate
Portfolio Pulse from Benzinga Newsdesk
WalkMe provided its financial outlook, expecting FY24 revenue to be between $279M-$283M, below the $286.55M estimate. For Q1, revenue is anticipated to be between $67.6M-$68.6M, also below the $69.34M estimate.
February 21, 2024 | 12:29 pm
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WalkMe expects FY24 revenue to fall short of estimates at $279M-$283M and Q1 revenue to be below expectations at $67.6M-$68.6M.
WalkMe's announcement of lower-than-expected revenue forecasts for both FY24 and Q1 indicates potential operational or market challenges. This news is likely to negatively impact investor sentiment and could lead to a decrease in stock price in the short term, as forecasts falling below estimates often do.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100