The projection of EPS in the range of $3.80 to $4.00 for FY24 by Black Hills Corp. is a direct indicator of the company's financial health and future profitability. This guidance can positively influence investor sentiment as it provides a clear earnings target. Given the specificity of the forecast, it suggests confidence in the company's operational and financial strategies, potentially leading to increased investor confidence and a positive impact on the stock price in the short term.