nCino Expects Q1 Total Revenues Of $126M-$127M (Est $128.848M), Adj EPS Of $0.13-$0.14 (Est $0.12)
Portfolio Pulse from Benzinga Newsdesk
nCino has provided its Q1 revenue and adjusted EPS forecasts, expecting revenues of $126M-$127M, slightly below the estimated $128.848M, but anticipates adjusted EPS of $0.13-$0.14, above the estimated $0.12.
March 26, 2024 | 8:15 pm
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nCino forecasts Q1 revenues slightly below estimates but expects higher adjusted EPS than anticipated.
While nCino's revenue forecast is slightly below market expectations, the higher-than-expected adjusted EPS forecast could balance investor sentiment. The mixed forecast presents a neutral short-term impact as the lower revenue might concern investors, but the higher EPS indicates operational efficiency or cost control, which could offset negative perceptions.
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