SolarWinds Corp Expects Q4 Revenue Of $201M-$204M Vs $203.1M Est, Adj EPS Of $0.27-$0.28 Vs $0.25 Est
Portfolio Pulse from Benzinga Newsdesk
SolarWinds Corp has provided its financial outlook for Q4 2024, expecting revenue between $201M and $204M, slightly below the $203.1M estimate. The company anticipates adjusted EPS of $0.27-$0.28, above the $0.25 estimate, and adjusted EBITDA growth of approximately 11%.
October 31, 2024 | 12:04 pm
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SolarWinds Corp's Q4 2024 revenue guidance is slightly below estimates, but its EPS guidance exceeds expectations. The company forecasts revenue of $201M-$204M and EPS of $0.27-$0.28.
The revenue guidance is slightly below the consensus estimate, which could be seen as a negative. However, the EPS guidance is above expectations, which is a positive indicator. The overall impact is likely positive due to the stronger-than-expected EPS.
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