SolarWinds Sees Q2 2024 Adj. EPS $0.21-$0.23 Vs $0.23 Est.; Revenue $186M-$191M Vs $191.1M Est.
Portfolio Pulse from Benzinga Newsdesk
SolarWinds projects its Q2 2024 adjusted EPS to be between $0.21 and $0.23, slightly below the estimated $0.23. The company also forecasts revenue to range from $186 million to $191 million, which is slightly below the expected $191.1 million.
May 02, 2024 | 12:06 pm
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SolarWinds anticipates its Q2 2024 adjusted EPS and revenue to be slightly below analysts' expectations.
When a company forecasts earnings or revenue that are below market expectations, it often leads to negative investor sentiment in the short term. Given that SolarWinds' projected EPS and revenue for Q2 2024 are both slightly below analysts' estimates, this could result in downward pressure on the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100