Gen Digital Sees Q2 EPS $0.53-$0.55 Vs $0.54 Est.; Revenue $965M-$975M Vs $968.24M Est.; Reaffirms FY EPS Guidance Of $2.17-$2.23 Vs $2.20 Est.; Revenue $3.89B-$3.93B Vs $3.91B Est.
Portfolio Pulse from Benzinga Newsdesk
Gen Digital has released its Q2 FY25 guidance, expecting EPS between $0.53 and $0.55, slightly below the consensus estimate of $0.54. Revenue is projected to be between $965 million and $975 million, close to the estimate of $968.24 million. The company reaffirmed its FY25 EPS guidance of $2.17 to $2.23 and revenue guidance of $3.89 billion to $3.93 billion, aligning closely with market expectations.
August 01, 2024 | 8:11 pm
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Gen Digital's Q2 FY25 guidance shows EPS slightly below consensus but revenue in line with estimates. The reaffirmation of FY25 guidance aligns closely with market expectations.
The Q2 EPS guidance is slightly below the consensus estimate, which could be seen as a minor negative. However, the revenue guidance is in line with expectations, and the reaffirmation of FY25 guidance provides stability. Overall, the impact is neutral as the guidance aligns closely with market expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100