Integral Ad Science Analysts Cut Their Forecasts Following Q4 Results
Portfolio Pulse from Avi Kapoor
Integral Ad Science Holding Corp. (NASDAQ:IAS) exceeded Q4 earnings and sales expectations, reporting GAAP earnings of 6 cents per share and quarterly sales of $134.29 million. The company anticipates Q1 revenue between $111 million and $113 million, below estimates of $119.7 million. Following the report, Raymond James and Oppenheimer adjusted their price targets and ratings for IAS. IAS shares rose 1.4% to close at $17.10.
February 28, 2024 | 1:18 pm
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Integral Ad Science reported higher than expected Q4 earnings and sales but projected Q1 revenue below estimates. Analysts adjusted price targets following the results.
While IAS's Q4 performance was strong, leading to a positive stock price movement, the lower than expected Q1 revenue forecast could temper investor enthusiasm. Adjustments in analyst price targets reflect a recalibration of expectations, which could lead to short-term price volatility.
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