Nuvei Expects Revenue Of $322M-$330M For Q1 (Est $319.54M), $1.34B-$1.38B For 2024 (Est $1.377B)
Portfolio Pulse from Benzinga Newsdesk
Nuvei forecasts Q1 revenue to be between $322M-$330M, surpassing the estimated $319.54M, and anticipates 2024 revenue to range from $1.34B-$1.38B, slightly below the $1.377B estimate. The company also projects a 15%-20% annual growth over the medium term.
March 05, 2024 | 10:08 pm
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Nuvei projects higher than expected Q1 revenue and a slight miss for 2024 revenue estimates but expects strong annual growth.
Nuvei's projection of higher than expected Q1 revenue is likely to positively impact investor sentiment and stock price in the short term. The slight miss on 2024 revenue expectations may temper some enthusiasm, but the strong growth projection of 15%-20% annually is expected to bolster confidence in the company's medium-term prospects.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100