SolarWinds Corp Expects Q3 Revenue Of $191M-$196M Vs $194.395M Est, Adj EPS Of $0.24-$0.26 Vs $0.25 Est
Portfolio Pulse from Benzinga Newsdesk
SolarWinds Corp has provided its financial outlook for the third quarter of 2024, expecting revenue between $191M and $196M, slightly below the $194.395M estimate. The company also anticipates adjusted EPS of $0.24 to $0.26, aligning closely with the $0.25 estimate.
August 01, 2024 | 12:04 pm
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NEUTRAL IMPACT
SolarWinds Corp expects Q3 2024 revenue between $191M and $196M, slightly below the $194.395M estimate. Adjusted EPS is forecasted to be $0.24 to $0.26, aligning closely with the $0.25 estimate. This indicates modest revenue growth and stable earnings.
The revenue forecast is slightly below market expectations, which could be seen as a minor negative. However, the EPS forecast aligns with estimates, suggesting stable profitability. Overall, the impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100