Accolade Expects Q3 Revenue Of $104M-$107M Vs $110.16M Est, Reiterated FY25 Revenue Of $460M-$475M Vs $466.97M Est
Portfolio Pulse from Benzinga Newsdesk
Accolade has provided its financial outlook, expecting Q3 revenue between $104M and $107M, below the $110.16M estimate. For FY25, revenue is projected between $460M and $475M, close to the $466.97M estimate.
October 08, 2024 | 11:07 am
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Accolade's Q3 revenue guidance of $104M-$107M is below the $110.16M estimate, which may negatively impact short-term stock performance. However, FY25 revenue guidance aligns with expectations, potentially stabilizing investor sentiment.
The Q3 revenue guidance is below market expectations, which typically leads to a negative short-term stock reaction. However, the FY25 revenue guidance aligns with estimates, which may mitigate some negative sentiment.
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