Jacobs Solutions Reiterates Outlook For Fiscal 2024 Adjusted EBITDA Of $1.53B-$1.60B; Maintains Adjusted EPS Outlook Of $7.70-$8.20 (Est. : $8.07)
Portfolio Pulse from Benzinga Newsdesk
Jacobs Solutions has reaffirmed its fiscal 2024 financial guidance, expecting adjusted EBITDA to be between $1.53 billion and $1.60 billion. The company also maintains its adjusted EPS forecast in the range of $7.70 to $8.20, aligning closely with the estimated $8.07.
February 06, 2024 | 11:55 am
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POSITIVE IMPACT
Jacobs Solutions reiterates its fiscal 2024 EBITDA and EPS forecasts, closely aligning with analyst estimates.
Reiterating financial guidance, especially when it aligns with or exceeds analyst expectations, can positively influence investor sentiment and stock price. Jacobs Solutions maintaining its outlook for fiscal 2024 suggests confidence in its financial stability and growth prospects, likely leading to a positive short-term impact on its stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100