Zeta Increases Q2 Revenue Guidance From $204M At The Midpoint To $210M-$214M vs $204.11M Est.
Portfolio Pulse from Benzinga Newsdesk
Zeta has raised its Q2 revenue guidance from an initial midpoint of $204M to a new range of $210M-$214M, surpassing the estimated $204.11M.
May 06, 2024 | 8:53 pm
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Zeta has increased its Q2 revenue guidance, now expecting $210M-$214M versus the previous estimate of $204.11M.
Raising revenue guidance typically signals stronger than expected financial performance and operational efficiency, which can positively influence investor sentiment and stock price. Given that Zeta's new guidance exceeds analysts' expectations, this update is likely to be viewed favorably by the market, leading to potential short-term gains in ZETA's stock price.
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