System 1 Sees Q1 FY24 Revenue Of $82M - $84M Vs. $145.77M Est.
Portfolio Pulse from Benzinga Newsdesk
System 1 forecasts its Q1 FY24 revenue to be between $82M and $84M, significantly lower than the estimated $145.77M.
March 18, 2024 | 10:24 am
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NEGATIVE IMPACT
System 1 anticipates a substantial shortfall in its Q1 FY24 revenue, projecting $82M-$84M against an estimated $145.77M.
The significant discrepancy between System 1's forecasted revenue and the market's expectation suggests a potential negative impact on the stock price in the short term. Investors typically react unfavorably to such misses, which can lead to a decrease in stock value.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100