Spire Global Sees FY24 Adj. EPS $(0.24)-$0.11 Vs $(1.80) Est.; Revenue $138M-$148M Vs $142.785M Est.
Portfolio Pulse from Benzinga Newsdesk
Spire Global provided its FY24 financial outlook, expecting adjusted EPS to range from $(0.24) to $0.11, compared to the estimated $(1.80). The company also forecasts revenue to be between $138M and $148M, versus the estimated $142.785M.
March 06, 2024 | 9:13 pm
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POSITIVE IMPACT
Spire Global projects a notable improvement in its FY24 financial performance, with adjusted EPS significantly better than the previous estimate and revenue projections closely aligning with analyst expectations.
The significant improvement in the adjusted EPS forecast compared to the previous estimate suggests a strong operational turnaround and better financial health, which is likely to positively influence investor sentiment and potentially drive up the stock price in the short term. The revenue forecast, being in line with analyst expectations, reinforces this positive outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100