Simulations Plus Sees FY24 EPS $0.46-$0.48 Vs $0.55 Est.; Revenue $69M-$72M Vs $70.88M Est.
Portfolio Pulse from Benzinga Newsdesk
Simulations Plus has released its fiscal year 2024 guidance, projecting EPS between $0.46 and $0.48, which is below the estimated $0.55. Revenue is expected to be between $69M and $72M, close to the estimated $70.88M. The company anticipates revenue growth of 15-20%, with a software mix of 55-60% and services mix of 40-45%. Adjusted diluted EPS is projected to be $0.54-$0.56.
July 02, 2024 | 8:09 pm
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Simulations Plus has provided its fiscal year 2024 guidance, with EPS expected to be below estimates and revenue projections close to expectations. The company anticipates revenue growth of 15-20%, with a significant portion coming from software.
The EPS guidance of $0.46-$0.48 is below the estimated $0.55, which is likely to negatively impact the stock price in the short term. However, the revenue guidance of $69M-$72M is close to the estimated $70.88M, which may mitigate some of the negative impact. The anticipated revenue growth of 15-20% and the software mix being a significant portion are positive aspects but may not be enough to offset the lower EPS guidance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100