TruBridge Forecasts Q2 Total Revenue Of $81M-$83M Versus Consensus Of $84.48M, With Adjusted EBITDA Of $8M-$10M
Portfolio Pulse from Benzinga Newsdesk
TruBridge forecasts its Q2 total revenue to be between $81M-$83M, falling short of the consensus estimate of $84.48M. The company also projects its adjusted EBITDA to be in the range of $8M-$10M.
May 10, 2024 | 11:09 am
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TruBridge's Q2 revenue forecast falls below consensus estimates, which could lead to negative investor sentiment and potentially impact the stock price negatively in the short term.
Missing revenue forecasts can lead to negative investor sentiment, especially when the miss is against consensus estimates. This often results in a short-term negative impact on the stock price as investors adjust their expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100