SS&C Technologies Raises FY24 Adjusted Revenue Forecast From $5.668B-$5.868B To $5.695B-$5.855B (Est $5.75B), Adj EPS From $4.85-$5.15 To $4.93-$5.17 (Est $5.08)
Portfolio Pulse from Benzinga Newsdesk
SS&C Technologies has updated its FY24 financial forecasts, raising its adjusted revenue range to $5.695B-$5.855B from the previous $5.668B-$5.868B, and its adjusted EPS forecast to $4.93-$5.17 from $4.85-$5.15. These updates surpass the estimated adjusted revenue of $5.75B and come close to the estimated adjusted EPS of $5.08.
April 25, 2024 | 8:59 pm
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POSITIVE IMPACT
SS&C Technologies has raised its FY24 revenue and EPS forecasts, indicating a positive outlook and potentially stronger financial performance than previously anticipated.
The upward revision in SS&C Technologies' financial forecasts suggests the company is expecting stronger performance in FY24, which could lead to increased investor confidence and potentially drive the stock price up in the short term. The adjustments in both revenue and EPS forecasts exceed market estimates, which is typically a positive signal to investors about the company's future prospects.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100