The Beachbody Company Sees Q2 Revenue $103M-$113M vs $114.84M Est.
Portfolio Pulse from Benzinga Newsdesk
The Beachbody Company projects its Q2 revenue to be between $103M and $113M, which is below the estimated $114.84M.
May 06, 2024 | 8:48 pm
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The Beachbody Company's Q2 revenue projection is below market expectations, indicating potential short-term pressure on its stock price.
Revenue projections that fall short of market estimates can lead to negative investor sentiment and potential short-term declines in stock price. Given that Beachbody's projected revenue is below the estimated $114.84M, this could result in downward pressure on BODI's stock in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100