NCR Atelos Sees FY24 Adj. EPS $2.90 - $3.20 Vs $4.88 Est, Revenue $4.26B - $4.34B Vs $4.56B Est.
Portfolio Pulse from Benzinga Newsdesk
NCR Atelos has provided its financial guidance for FY24, projecting adjusted EPS between $2.90 and $3.20, significantly below the estimated $4.88. The company also expects revenue to be in the range of $4.26 billion to $4.34 billion, which is lower than the estimated $4.56 billion.
August 13, 2024 | 8:34 pm
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NCR Atelos has issued a financial guidance for FY24 that falls short of market expectations. The company projects adjusted EPS between $2.90 and $3.20, compared to the estimated $4.88. Revenue is expected to be between $4.26 billion and $4.34 billion, lower than the estimated $4.56 billion.
The significant shortfall in both EPS and revenue projections compared to market estimates is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100