Broadridge Financial Solutions Reaffirmed 2024 Recurring Revenue Growth of 6%-9% YoY, Adj EPS Growth of 8%-12% YoY Vs $7.73 Est
Portfolio Pulse from Benzinga Newsdesk
Broadridge Financial Solutions (BR) has reaffirmed its fiscal year 2024 financial guidance, maintaining its projections for recurring revenue growth of 6%-9% YoY, adjusted operating income margin of around 20%, and adjusted EPS growth of 8%-12% YoY versus an estimated $7.73. The company also expects closed sales to be between $280M and $320M, with no changes to its previous forecasts.
February 01, 2024 | 12:10 pm
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Broadridge Financial Solutions reaffirmed its FY'24 financial guidance, projecting steady growth in recurring revenue, adjusted operating income margin, and adjusted EPS, alongside expected closed sales figures.
Reaffirming financial guidance, especially with positive growth projections in key metrics such as recurring revenue growth and adjusted EPS growth, is typically viewed positively by the market. It indicates management's confidence in the company's operational stability and growth prospects. Given that there are no changes to the previously announced forecasts, it reinforces the notion that Broadridge is on track to meet its financial targets, which could bolster investor confidence and potentially lead to a positive short-term impact on the stock price.
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