JFrog Sees Q3 EPS $0.09-$0.11 Vs $0.14 Est.; Revenue $105M-$106M Vs $107.9M Est.; FY24 EPS $0.54-$0.56 Vs $0.60 Est.; Revenue $422-$424M Vs $428.27M Est.
Portfolio Pulse from Benzinga Newsdesk
JFrog has released its Q3 and FY24 financial outlook, projecting lower-than-expected EPS and revenue. For Q3, EPS is expected to be $0.09-$0.11 vs. $0.14 estimated, and revenue is projected at $105M-$106M vs. $107.9M estimated. For FY24, EPS is expected to be $0.54-$0.56 vs. $0.60 estimated, and revenue is projected at $422M-$424M vs. $428.27M estimated.
August 07, 2024 | 8:14 pm
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NEGATIVE IMPACT
JFrog's Q3 and FY24 financial outlook indicates lower-than-expected EPS and revenue, which may negatively impact the stock price in the short term.
The company's projected EPS and revenue for both Q3 and FY24 are below analyst estimates, which typically leads to a negative market reaction. Investors may view this as a sign of weaker-than-expected performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100