IBEX Misses Estimates, Guides Revenue Below-Consensus
- September 13th, 2023
- 383 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%)
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
Tags
Post Your Comments
Want To Find Some News?
Recent Posts
-
FDA Approves Nerve Scaffold for the Treatment of Sensory Nerve Discontinuity
December 04th, 2025December 02nd, 2025Earnings Countdown: Salesforce, Snowflake, and Guidewire Take Center Stage
November 30th, 2025Wall Street Eyes CrowdStrike, Marvell Technology, and GitLab as Earnings Near
November 30th, 2025Earnings Preview: Credo Technology, MongoDB, and Hafnia in Focus
November 30th, 2025
Member Login