Salesforce Sees Q1 Adj. EPS $2.37-$2.39 vs $2.20 Est., Total Revenue $9.12B-$9.17B vs $9.15B Est.
Portfolio Pulse from Benzinga Newsdesk
Salesforce projects its Q1 adjusted EPS to be between $2.37 and $2.39, surpassing the estimated $2.20. The company also forecasts total revenue to range from $9.12 billion to $9.17 billion, closely aligning with the $9.15 billion estimate.
February 28, 2024 | 9:04 pm
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Salesforce anticipates a higher Q1 adjusted EPS of $2.37-$2.39 compared to the expected $2.20, with revenue estimates closely matching analyst expectations at $9.12B-$9.17B.
Salesforce's projection of a higher-than-expected adjusted EPS for Q1 indicates strong financial health and operational efficiency, likely leading to positive investor sentiment and a potential increase in stock price in the short term. The revenue forecast, being in line with estimates, reinforces the company's steady growth trajectory.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100