Amplitude Sees Q3 EPS $0.00-$0.01 Vs $0.03 Est.; Revenue $73.5M-$74.5M Vs $73.84M Est.; FY24 EPS $0.05-$0.08 Vs $0.08 Est.; Revenue $294.5M-$296.5M Vs $294M Est.
Portfolio Pulse from Benzinga Newsdesk
Amplitude has provided its financial outlook for Q3 and FY24, with EPS and revenue estimates slightly below analyst expectations. The company also anticipates a negative impact from new US sanctions on Russia, affecting its receivables.
August 08, 2024 | 8:42 pm
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NEGATIVE IMPACT
Amplitude's Q3 EPS is expected to be $0.00-$0.01 vs. $0.03 estimated, and revenue is projected at $73.5M-$74.5M vs. $73.84M estimated. FY24 EPS is forecasted at $0.05-$0.08 vs. $0.08 estimated, with revenue at $294.5M-$296.5M vs. $294M estimated. New US sanctions on Russia are expected to negatively impact receivables.
The company's EPS and revenue estimates for Q3 and FY24 are slightly below analyst expectations, which could lead to a negative market reaction. Additionally, the new US sanctions on Russia are expected to impact the company's ability to collect receivables, adding further downside risk.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100