Box Expects Q1 FY25 Revenue Of $261M-$263M (Est $260.96M), Adj EPS Of $0.35-$0.36 (Est $0.38)
Portfolio Pulse from Benzinga Newsdesk
Box Inc. forecasts Q1 FY25 revenue to be between $261M-$263M, slightly above the estimate of $260.96M, with an adjusted EPS of $0.35-$0.36, below the estimated $0.38. Revenue growth is expected to be 4% year-over-year at the high end, or 7% on a constant currency basis.
March 05, 2024 | 9:17 pm
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NEUTRAL IMPACT
Box Inc. expects Q1 FY25 revenue to exceed estimates slightly but projects a lower adjusted EPS than expected. Revenue growth is anticipated to be solid on a year-over-year basis.
The slight exceedance in revenue forecast compared to estimates may positively impact investor sentiment, but the lower than expected adjusted EPS could counterbalance this optimism. The solid year-over-year growth indicates a positive trajectory, but the mixed signals may lead to a neutral short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100