Booz Allen Hamilton Raises FY2024 Adj EPS Guidance from $4.80 - $4.95 to $4.95 - $5.10 Vs $5.02 Est; Raises FY2024 Sales Growth Guidance from 7% - 11% to 11% - 14%
Portfolio Pulse from Benzinga Newsdesk
Booz Allen Hamilton has raised its FY2024 adjusted EPS guidance from $4.80 - $4.95 to $4.95 - $5.10, beating the $5.02 estimate. However, the company has lowered its FY2024 sales outlook from $9.91 billion-10.28 billion to $9.91 billion-10.28 billion, which is below the $10.12 billion estimate.
October 27, 2023 | 10:51 am
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Booz Allen Hamilton's raised EPS guidance for FY2024 could boost investor confidence, potentially leading to a short-term increase in stock price. However, the lowered sales outlook might offset this positive impact.
The raised EPS guidance indicates that Booz Allen Hamilton is expecting higher profitability, which is a positive signal for investors and could lead to a short-term increase in stock price. However, the lowered sales outlook suggests that the company is expecting lower revenue, which could dampen investor enthusiasm and potentially offset the positive impact of the raised EPS guidance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100