Cantaloupe Sees FY24 Total Revenue $270M-$275M vs $274.3M Est.
Portfolio Pulse from Benzinga Newsdesk
Cantaloupe projects its FY24 total revenue to be between $270M and $275M, which is slightly below the estimated $274.3M.
May 09, 2024 | 9:06 pm
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NEGATIVE IMPACT
Cantaloupe's FY24 revenue projection falls short of the market estimate, indicating a potential cautious outlook.
Cantaloupe's projected revenue for FY24 being below the market estimate suggests a cautious or conservative outlook from the company. This could lead to a negative short-term impact on the stock price as investors adjust their expectations based on this new guidance. The slight miss in revenue forecast might concern investors looking for growth, potentially leading to a decrease in stock price as market sentiment adjusts.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100