HashiCorp Expects Q1 Total Revenue Of $152M-$154M (Est $152.677M), Non-GAAP EPS Of $(0.02)-$0.00 (Est $0.01)
Portfolio Pulse from Benzinga Newsdesk
HashiCorp forecasts Q1 total revenue to be between $152M-$154M, slightly above the estimated $152.677M. The company also projects its non-GAAP EPS to range from $(0.02) to $0.00, which is below the estimated $0.01.
March 05, 2024 | 9:24 pm
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HashiCorp expects Q1 revenue to slightly exceed estimates but projects a lower non-GAAP EPS than anticipated.
The projected revenue exceeding estimates could have a positive impact on investor sentiment, potentially leading to a slight increase in stock price. However, the lower-than-expected non-GAAP EPS projection could temper any gains, as it may raise concerns about profitability and operational efficiency. The mixed nature of this forecast suggests a neutral short-term impact on HashiCorp's stock price, as positive revenue news is offset by concerns over earnings per share.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100