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IBEX Misses Estimates, Guides Revenue Below-Consensus

  • September 13th, 2023
  • 522 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)

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