Digi International Expects Q3 Revenues To Be $103M-$107M (Est $112.65M), Adjusted EPS Of $0.47-$0.51 (Est $0.52)
Portfolio Pulse from Benzinga Newsdesk
Digi International projects its Q3 revenues to range between $103M-$107M, falling short of the estimated $112.65M. The company also anticipates its adjusted EPS to be between $0.47-$0.51, slightly below the expected $0.52.

May 01, 2024 | 8:59 pm
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NEGATIVE IMPACT
Digi International expects lower-than-anticipated Q3 revenues and adjusted EPS, missing analysts' estimates.
Digi International's projection of lower revenues and adjusted EPS than expected by analysts is likely to negatively impact investor sentiment and the stock price in the short term. The miss on both top and bottom line estimates indicates potential challenges in the company's operations or market conditions, which could lead to a decrease in stock price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100