Progyny Sees Q2 2024 Adj. EPS $0.39-$0.41 Vs $0.18 Est.; Revenue $300M-$310M Vs $335.760M Est.
Portfolio Pulse from Benzinga Newsdesk
Progyny forecasts an adjusted EPS of $0.39-$0.41 for Q2 2024, surpassing the estimated $0.18. However, its revenue projection of $300M-$310M falls short of the expected $335.760M.
May 09, 2024 | 8:06 pm
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Progyny's Q2 2024 earnings forecast exceeds EPS expectations but falls short on revenue projections.
The positive impact of surpassing EPS estimates may be offset by the negative impact of missing revenue forecasts. This mixed financial outlook could lead to a neutral short-term price movement as investors weigh the higher profitability against the lower-than-expected revenue growth.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90