Magic Software Enterprises Expects 2024 Revenue of $540M-$550M Vs $493.59M Est
Portfolio Pulse from Benzinga Newsdesk
Magic Software Enterprises projects its 2024 revenue to be between $540M-$550M, surpassing the estimated $493.59M. This forecast represents a 7.5% to 9.5% growth compared to the annualized 2023 fourth quarter revenue.
March 13, 2024 | 12:17 pm
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Magic Software Enterprises expects its 2024 revenue to range between $540M and $550M, exceeding the $493.59M estimate, with a growth rate of 7.5% to 9.5% from the annualized 2023 Q4 revenue.
The positive revenue forecast for 2024 significantly exceeds the current estimates, indicating strong growth and financial health. This is likely to instill confidence in investors, potentially leading to a short-term increase in MGIC's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100