Adtalem Global Education Sees FY24 EPS $4.20-$4.40 Vs $4.29 Est.; Revenue $1.46B-$1.52B Vs $1.48B Est.
Portfolio Pulse from Happy Mohamed
Adtalem Global Education has provided its fiscal year 2024 outlook, reaffirming revenue in the range of $1.46 billion to $1.52 billion and raising the lower end of its adjusted earnings per share by 5 cents to be in the range of $4.20 to $4.40. The company has not provided a reconciliation of non-GAAP guidance measures to corresponding GAAP measures due to uncertainty of future special items.
August 10, 2023 | 8:17 pm
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POSITIVE IMPACT
Adtalem's reaffirmed revenue and increased EPS guidance for FY24 may positively impact its stock in the short term.
Adtalem's reaffirmed revenue guidance and increased EPS guidance for FY24 indicates a positive outlook for the company's financial performance. This could lead to increased investor confidence and a potential rise in the company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100