SS&C Sees FY24 Revenue $5.7B-$5.86B Vs $6.03B Estimate; Sees Adj. EPS $4.98-$5.22 Vs $5.64 Estimate
Portfolio Pulse from Benzinga Newsdesk
SS&C Technologies Holdings, Inc. (SSNC) has provided its financial guidance for FY24, projecting revenue between $5.7 billion and $5.86 billion, which is below the estimated $6.03 billion. The company also expects adjusted EPS to be in the range of $4.98 to $5.22, falling short of the $5.64 estimate.
July 25, 2024 | 8:24 pm
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SS&C Technologies Holdings, Inc. (SSNC) has issued lower-than-expected financial guidance for FY24, with revenue and adjusted EPS projections falling short of analyst estimates. This could negatively impact the stock price in the short term.
The company's revenue and adjusted EPS projections for FY24 are significantly below analyst estimates, which is likely to lead to a negative market reaction and a short-term decline in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100