Certara Sees 2024 Adj. EPS $0.41-$0.46 vs $0.48 Est., Revenue $385M-$400M vs $363.95M Est.
Portfolio Pulse from Benzinga Newsdesk
Certara has provided its 2024 adjusted EPS forecast in the range of $0.41-$0.46, which is below the estimated $0.48. However, its revenue forecast of $385M-$400M exceeds the estimated $363.95M.
February 29, 2024 | 9:12 pm
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NEUTRAL IMPACT
Certara's 2024 adjusted EPS forecast is below expectations, but its revenue forecast exceeds estimates.
The lower than expected EPS forecast could negatively impact investor sentiment and stock price in the short term. However, the higher revenue forecast indicates strong business growth, potentially offsetting the negative impact on the stock price. The mixed forecast results in a neutral short-term price direction score.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100