Box Expects FY25 Revenue Of $1.08B-$1.085B (Est $1.088B), Adj EPS Of $1.53-$1.57 (Est $1.70)
Portfolio Pulse from Benzinga Newsdesk
Box Inc. forecasts its FY25 revenue to be between $1.08B and $1.085B, slightly below the estimated $1.088B, with an adjusted EPS of $1.53-$1.57, under the estimated $1.70. The revenue growth represents a 5% increase year-over-year at the high end, or 6% on a constant currency basis.
March 05, 2024 | 9:20 pm
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Box Inc. projects FY25 revenue to be slightly below expectations with adjusted EPS also under estimates, indicating potential cautious investor sentiment.
The projected revenue and adjusted EPS for FY25 being below analyst estimates could lead to cautious or negative investor sentiment in the short term. This is because financial forecasts are a key indicator of a company's future performance and lower-than-expected figures often result in a decrease in stock price.
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IMPORTANCE 90
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