Digi International Sees Q4 EPS $0.48-$0.52 Vs $0.51 Est.; Revenue $102M-$106M Vs $103.68M Est.; Sees FY24 Revenue Projection To Be Down ~5% YoY
Portfolio Pulse from Benzinga Newsdesk
Digi International (DGII) has provided its Q4 and FY24 guidance. For Q4, EPS is expected to be $0.48-$0.52 vs. $0.51 estimated, and revenue is projected at $102M-$106M vs. $103.68M estimated. FY24 revenue is expected to decline by ~5% YoY, while Adjusted EBITDA is expected to increase by ~1%.
August 07, 2024 | 8:51 pm
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NEUTRAL IMPACT
Digi International's Q4 guidance shows EPS slightly below estimates and revenue in line with expectations. FY24 revenue is projected to decline by ~5% YoY, while Adjusted EBITDA is expected to increase by ~1%.
The Q4 EPS guidance is slightly below estimates, which could be seen as a negative. However, the revenue guidance is in line with expectations. The FY24 revenue decline projection is a concern, but the slight increase in Adjusted EBITDA provides some positive outlook. Overall, the impact is neutral as the mixed signals balance each other out.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100