Insight Enterprises Lowers FY2024 Adj EPS Guidance from $10.60-10.90 to $9.40-9.70 vs $10.68 Est
Portfolio Pulse from Benzinga Newsdesk
Insight Enterprises has lowered its FY2024 adjusted EPS guidance from $10.60-10.90 to $9.40-9.70, which is below the analyst estimate of $10.68.
October 31, 2024 | 12:05 pm
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NEGATIVE IMPACT
Insight Enterprises has revised its FY2024 adjusted EPS guidance downward to $9.40-9.70, which is below the analyst estimate of $10.68. This revision may negatively impact investor sentiment and the stock price in the short term.
The downward revision of EPS guidance suggests potential challenges in the company's financial performance, which is likely to lead to negative investor sentiment and a decrease in stock price. The guidance is significantly below the analyst estimate, increasing the likelihood of a negative market reaction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100