Thoughtworks Holding Raises FY24 Revenue Outlook To $995M-$1.020B Vs. $988.52M Estimate (Prior View: $980M-$1.010B); Sees Adjusted Diluted EPS Of $0.02-$0.08 Vs. $0.05 Estimate (Prior View: $0.01 to $0.06)
Portfolio Pulse from Benzinga Newsdesk
Thoughtworks Holding has increased its FY24 revenue forecast to $995M-$1.020B, up from the previous estimate of $980M-$1.010B, and now expects adjusted diluted EPS to be between $0.02 and $0.08, compared to the prior forecast of $0.01 to $0.06. This new forecast surpasses the analyst estimate of $988.52M for revenue and meets the midpoint of the EPS estimate of $0.05.
May 07, 2024 | 11:25 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Thoughtworks Holding has raised its FY24 revenue and EPS forecasts, indicating stronger than expected financial performance.
Raising both revenue and EPS forecasts typically signals a positive outlook on the company's financial health and operational efficiency, likely leading to increased investor confidence and potentially a rise in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100