Accolade Sees Q1 Revenue $103M-$106M vs $110.86M Est., FY24 Revenue $480M-$500M vs $413.5M Est.
Portfolio Pulse from Benzinga Newsdesk
Accolade provided its Q1 revenue forecast to be between $103M-$106M, which is below the estimated $110.86M. However, for FY24, Accolade projects its revenue to be between $480M-$500M, surpassing the estimated $413.5M.

April 25, 2024 | 8:42 pm
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Accolade's Q1 revenue projection is below expectations, but its FY24 revenue outlook significantly exceeds estimates.
The short-term impact on Accolade's stock (ACCD) may be mixed due to the lower-than-expected Q1 revenue forecast, which could disappoint investors. However, the significantly higher FY24 revenue projection compared to estimates may offset this negative sentiment by suggesting strong future growth potential. This contrast in short-term vs. long-term outlooks makes the immediate stock price reaction uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100