Q: please comment on converge earnings and your thoughts forward looking.
thank you.
thank you.
5i Research Answer:
EPS was 11c, missing estimates of 12.7c; revenue of $628.8M missed estimates of $673.9M. EBITDA of $42.2M beat estimates by 2%. Earnings fell year over year. Revenue fell more than 7%. Q2 guidance (EBITDA) was slightly below current consensus. Not a 'great' quarter but better growth is expected and debt is coming down. After the big stock run we are not surprised at some profit taking. EPS is expected to more than triple this year before growth slows in 2025. We doubt the long term potential is broken here, but the stock may flat line while investors consider these results.