Freshworks Expects Q2 Revenue Of $168M-$170M (Est $172.082M), Adj EPS Of $0.05-$0.06 (Est $0.05)
Portfolio Pulse from Benzinga Newsdesk
Freshworks provided its Q2 revenue forecast to be between $168M-$170M, falling short of the estimated $172.082M. However, its adjusted EPS is expected to be in line with estimates at $0.05-$0.06.
May 01, 2024 | 8:39 pm
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Freshworks' Q2 revenue forecast is below market expectations, which could pressure the stock. However, the adjusted EPS aligns with estimates, potentially mitigating negative impact.
The lower than expected revenue forecast for Q2 could lead to negative investor sentiment and put downward pressure on FRSH's stock price in the short term. However, the fact that the adjusted EPS is in line with expectations might soften the blow, as it indicates operational efficiency and profitability that aligns with market forecasts.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100