Computer Programs And Systems, Inc. Sees Q1 Revenue $82M-$84M vs $87.44M Est., FY24 Revenue $340M-$350M vs $345.29M Est.
Portfolio Pulse from Benzinga Newsdesk
Computer Programs And Systems, Inc. (CPSI) projects its Q1 revenue to be between $82M-$84M, which is below the estimated $87.44M. For FY24, CPSI expects revenue to range from $340M-$350M, closely aligning with the $345.29M estimate.
February 29, 2024 | 9:36 pm
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NEGATIVE IMPACT
CPSI's Q1 revenue projection falls short of expectations, while FY24 revenue guidance is in line with estimates.
CPSI's lower than expected Q1 revenue projection could lead to short-term negative sentiment among investors, potentially impacting the stock price negatively. However, the FY24 revenue guidance being close to estimates might mitigate some of the negative impact over the longer term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100