Accolade Sees Q2 Revenue $104M-$106M Vs $113.18M Est.; FY25 Revenue $460M-$475M Vs $490.47M Est.
Portfolio Pulse from Benzinga Newsdesk
Accolade (ACCD) has provided forward-looking guidance for Q2 and FY25, with revenue expectations falling short of analyst estimates. Q2 revenue is projected between $104M-$106M vs. $113.18M estimated, and FY25 revenue is projected between $460M-$475M vs. $490.47M estimated. Adjusted EBITDA for Q2 is expected to be a loss between $8M-$10M, and for FY25, it is expected to be between $15M-$20M.
June 27, 2024 | 8:06 pm
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Accolade's revenue projections for Q2 and FY25 fall short of analyst estimates, which may negatively impact the stock price in the short term. The company expects Q2 revenue between $104M-$106M vs. $113.18M estimated, and FY25 revenue between $460M-$475M vs. $490.47M estimated. Adjusted EBITDA for Q2 is expected to be a loss between $8M-$10M.
The revenue projections for both Q2 and FY25 are below analyst estimates, which is likely to result in a negative market reaction. Investors may view the lower-than-expected revenue guidance as a sign of potential challenges in the company's growth trajectory.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100