Five9 Expects Q2 Revenue Of $244M-$245M (Est $248.02M), Adj EPS Of $0.42-$0.44 (Est $0.44)
Portfolio Pulse from Benzinga Newsdesk
Five9 has provided its Q2 revenue and adjusted EPS forecasts, expecting revenues of $244M-$245M, below the estimated $248.02M, and an adjusted EPS of $0.42-$0.44, with the high end meeting the estimate of $0.44.
May 02, 2024 | 8:50 pm
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Five9's Q2 revenue forecast falls short of expectations, with a projected range of $244M-$245M against an estimate of $248.02M, while its adjusted EPS forecast aligns with the high-end estimate.
The lower-than-expected revenue forecast could negatively impact investor sentiment and stock price in the short term, despite the adjusted EPS potentially meeting the high-end estimate. This discrepancy between revenue expectations and EPS forecasts suggests operational efficiencies or cost management that may not fully mitigate the impact of lower revenue on stock performance.
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IMPORTANCE 90
RELEVANCE 100