ICON Sees FY24 Adj. EPS $14.50-$15.30 Vs $14.86 Est.; Revenue $8.4B-$8.8B Vs $8.68B Est.
Portfolio Pulse from Benzinga Newsdesk
ICON plc provided its fiscal year 2024 adjusted earnings per share (EPS) guidance of $14.50-$15.30, compared to the estimated $14.86. The company also forecasts revenue to be between $8.4 billion and $8.8 billion, versus the estimated $8.68 billion.
January 09, 2024 | 1:17 pm
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POSITIVE IMPACT
ICON plc anticipates higher FY24 adjusted EPS and revenue than analyst estimates, which could positively influence investor sentiment and the stock price.
ICON's guidance for both adjusted EPS and revenue for FY24 exceeds analyst expectations, which is typically a positive signal for investors and can lead to an increase in stock price in the short term. The company's specific mention and the financial figures being above estimates make this news highly relevant and important for investors in ICLR. The confidence score reflects the general market behavior where positive financial guidance often leads to stock appreciation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100