Appian Q1 2024 Adj EPS $(0.24) Misses $(0.16) Estimate, Sales $149.835M Beat $149.764M Estimate
Portfolio Pulse from Benzinga Newsdesk
Appian (NASDAQ:APPN) reported Q1 2024 earnings with an adjusted EPS of $(0.24), missing the $(0.16) estimate, while sales of $149.835M exceeded the $149.764M estimate, marking a 10.80% increase from the previous year.
May 02, 2024 | 11:06 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Appian reported a Q1 2024 adjusted EPS of $(0.24), missing estimates by 50%, but sales of $149.835M slightly exceeded expectations, showing a 10.80% YOY growth.
The missed EPS estimate by a significant margin could negatively impact investor sentiment towards APPN, suggesting potential short-term price pressure. However, the slight beat on sales and the year-over-year growth indicate underlying strength in the company's revenue generation capabilities. This mixed financial performance makes the short-term price direction uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100