FICO Sees 2024 Adj. EPS $22.80 vs $23.77 Est., Revenues $1.69B vs $1.7B Est.
Portfolio Pulse from Benzinga Newsdesk
FICO has projected its adjusted EPS for 2024 to be $22.80, which is below the estimated $23.77. Additionally, the company expects its revenues to reach $1.69 billion, slightly under the forecasted $1.7 billion.
April 25, 2024 | 8:17 pm
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NEGATIVE IMPACT
FICO's adjusted EPS and revenue projections for 2024 are below analyst estimates, indicating potential challenges ahead.
FICO's announcement of lower-than-expected adjusted EPS and revenue projections for 2024 could lead to negative investor sentiment and potentially decrease the stock price in the short term. This is because financial forecasts that do not meet or exceed analyst expectations often result in a negative market reaction, as they may signal potential operational or market challenges.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100