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E2open Parent Holdings Falls 20%+ After Software Firm Issues Poorly Received Forward Guidance

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Jerry Kronenberg wrote a column · Oct 11 04:06
$E2open Parent (ETWO.US)$ sank almost 25% intraday Thursday after the software firm missed fiscal Q2 sales and issued poorly received forward guidance, prompting at least two analysts to cut the stock's price target.
ETWO fell as much as 24.5% to a $3 intraday low after issuing the downbeat earnings news after the bell on Wednesday. The stock later partly recovered to end the session at $3.20, off 21.6% for the day.
The firm, which sells software for omnichannel and supply-chain management, said sales came in at $152.2 million for the three months ended Aug. 31. That missed analysts' $154.8 million consensus estimate, according to published reports.
E2open did say adjusted earnings per share totaled $0.05, reportedly matching analysts' consensus expectations.
However, that wasn't enough to overcome the company's cut to forward guidance. ETWO guided full-year revenue for FY2025 to $607 million-$617 million, reportedly down from the $630 million-$645 million that management had previously projected.
Published reports said the company's results and guidance prompted UBS to cut E2open's price target to $3,509 from a previous $4.20, while Morgan Stanley eased the stock's target to $4 from an earlier $5.10.
Still, Morgan reportedly maintained EWTO's "Equal Weight" rating, while UBS reiterated the stock's "Neutral" grade.
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