IBEX Misses Estimates, Guides Revenue Below-Consensus
- September 13th, 2023
- 391 views
IBEX Limited (Nasdaq: IBEX), a company specializing in customer support solutions, reported earnings of $0.33 per share for the fourth quarter of fiscal 2023. This figure fell short of the consensus EPS estimate of $0.49. Quarterly sales for IBEX amounted to $124.40 million, slightly below analysts' projected revenue of $125.81 million.
As IBEX looks ahead to fiscal year 2024, it acknowledges a healthy sales pipeline. However, it anticipates that the prevailing macroeconomic conditions and the industry trend towards lower-cost, higher-margin regions will continue to affect revenue growth.
In its guidance for the first quarter of fiscal 2024, IBEX forecasts revenue to be in the range of $122 to $125 million, in contrast to the consensus estimate of $133.64 million for the period.
$IBEX was trading at $16.55 in after-hours, down $1.60 (-8.82%)
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