TriNet Group Sees Q2 Adjusted Diluted EPS Of $1.00-$1.50 Vs. $1.57 Estimate; Lowers FY24 Adjusted Diluted EPS Outlook To $5.25-$6.80 From Prior View Of $5.80-$7.35 (Estimate: $6.65 )
Portfolio Pulse from Benzinga Newsdesk
TriNet Group has adjusted its Q2 diluted EPS forecast to $1.00-$1.50, below the $1.57 estimate, and lowered its FY24 adjusted diluted EPS outlook to $5.25-$6.80 from a previous range of $5.80-$7.35, against an estimate of $6.65.
April 26, 2024 | 12:09 pm
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NEGATIVE IMPACT
TriNet Group has revised its Q2 and FY24 earnings outlook downwards, indicating a potential short-term negative impact on its stock price.
The revision of TriNet Group's earnings outlook below analyst estimates typically leads to negative investor sentiment and could result in a decrease in stock price in the short term. The significant adjustment in both the quarterly and full-year earnings forecasts suggests a material impact on the company's financial health, which is crucial for investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100