Ontrak Sees Q1 Revenue $2.5M-$2.9M Vs $2.51M Est.
Portfolio Pulse from Benzinga Newsdesk
Ontrak projects its Q1 revenue for the period ending March 31, 2024, to be between $2.5 million and $2.9 million, aligning closely with the estimated $2.51 million.
April 16, 2024 | 8:09 pm
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Ontrak expects its Q1 revenue to range between $2.5 million and $2.9 million, which is in line with analysts' expectations of $2.51 million.
The revenue forecast by Ontrak is very close to the analyst estimates, indicating that the company's performance is in line with market expectations. This could lead to a neutral short-term impact on the stock price as the forecast does not significantly exceed nor fall short of expectations, suggesting stability but not necessarily a strong catalyst for growth.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100