Altair Engineering Sees FY24 Revenue $652M-$662M Vs $667.198M Est.
Portfolio Pulse from Benzinga Newsdesk
Altair Engineering projects its FY24 revenue to be between $652M and $662M, which is below the estimated $667.198M by analysts.

May 02, 2024 | 8:24 pm
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NEGATIVE IMPACT
Altair Engineering's FY24 revenue projection falls short of analyst estimates, indicating potential downward pressure on its stock price.
Revenue projections that fall short of analyst expectations can lead to negative investor sentiment and downward pressure on stock prices. Given that Altair Engineering's forecast is below the consensus estimate, this could result in a negative short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100