Sempra Narrowed Its 2024 EPS Guidance To $4.60-$4.90 Vs. $4.83 Consensus (Prior $4.44-$4.74). For 2025 Expects EPS Of $4.90 To $5.25; Affirms 6-8% Projected Long-Term EPS Growth Rate
Portfolio Pulse from Benzinga Newsdesk
Sempra has updated its EPS guidance for 2024 to $4.60-$4.90, up from the previous $4.44-$4.74, and set its 2025 EPS guidance at $4.90-$5.25. The company also reaffirmed its long-term EPS growth rate of 6-8%.
February 27, 2024 | 12:07 pm
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Sempra has raised its 2024 EPS guidance to $4.60-$4.90 from $4.44-$4.74 and introduced a 2025 EPS guidance of $4.90-$5.25, while maintaining its long-term EPS growth rate of 6-8%.
The upward revision of Sempra's EPS guidance for 2024 and the introduction of a positive outlook for 2025 are likely to be viewed positively by investors, suggesting confidence in the company's future performance. This could lead to a short-term increase in the stock price as the market reacts to the positive guidance. The reaffirmation of the long-term EPS growth rate further strengthens the company's growth narrative.
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