NV5 Global Sees FY24 Adj. EPS $5.00-$5.06 vs $5.40 Est., Gross Revenues $930M-$935M vs $927.53M Est.
Portfolio Pulse from Benzinga Newsdesk
NV5 Global projects its FY24 adjusted EPS to be between $5.00 and $5.06, below the estimated $5.40. However, its forecasted gross revenues of $930M-$935M exceed the $927.53M estimate.
February 22, 2024 | 9:51 pm
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NV5 Global's FY24 adjusted EPS projection is below expectations at $5.00-$5.06, against a $5.40 estimate, but its gross revenue forecast surpasses estimates at $930M-$935M.
The mixed forecast from NV5 Global, with a lower-than-expected EPS but higher gross revenues, presents a nuanced outlook. The lower EPS may concern investors about profitability, while the higher revenue forecast could indicate growth potential. The net impact on the stock price is uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100