Instructure Sees Q2 Revenue $166.5M-$167.5M vs $163.88M Est., Sees FY24 Revenue $656.5M-$666.5M vs $661.31M Est.
Portfolio Pulse from Benzinga Newsdesk
Instructure has projected its Q2 revenue to be between $166.5M and $167.5M, surpassing the estimated $163.88M. For FY24, the company expects revenue to range from $656.5M to $666.5M, which is around the analyst's expectation of $661.31M.
May 08, 2024 | 8:14 pm
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POSITIVE IMPACT
Instructure's Q2 revenue projection exceeds estimates, and its FY24 revenue forecast closely aligns with analyst expectations.
Exceeding quarterly revenue estimates and providing a full-year forecast that aligns with analyst expectations typically signals strong financial health and operational performance. This positive outlook is likely to instill investor confidence, potentially leading to a short-term uptick in Instructure's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100