Ncino Q4 Adj EPS $0.21 Beats $0.12 Estimate, Sales $123.69M Miss $124.62M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ncino (NASDAQ:NCNO) reported Q4 adjusted EPS of $0.21, surpassing the $0.12 estimate, marking a 425% increase from last year. However, its sales of $123.69M fell short of the $124.62M estimate, though they were up 13.29% from the previous year.
March 26, 2024 | 8:11 pm
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Ncino reported a significant beat on adjusted EPS at $0.21 vs. the $0.12 estimate and a 425% increase from last year, but missed sales estimates slightly at $123.69M vs. $124.62M expected.
The significant beat on the EPS estimate and the substantial year-over-year growth in earnings are likely to be viewed positively by investors, potentially leading to a short-term uptick in NCNO's stock price. However, the slight miss on sales estimates could temper some of the positive sentiment.
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