CI&T Expects Q1 Net Revenue of At Least $104M Vs $106.78M Est and FY24 Net Revenue Growth of (2.5)%-2.5% Vs $461.08M Est
Portfolio Pulse from Benzinga Newsdesk
CI&T expects Q1 2024 net revenue of at least $104M, below the $106.78M estimate, and forecasts FY24 net revenue growth between -2.5% and 2.5%, compared to the $461.08M estimate. The company also anticipates an Adjusted EBITDA margin of 17% to 19% for FY24.
March 07, 2024 | 11:55 am
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NEGATIVE IMPACT
CI&T expects lower Q1 2024 revenue than estimated and projects modest FY24 revenue growth with a stable Adjusted EBITDA margin.
The projection of Q1 2024 revenue being below estimates and the modest growth forecast for FY24 could lead to negative investor sentiment in the short term. The expected Adjusted EBITDA margin indicates operational efficiency, but the revenue forecast might weigh more heavily on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100