ICF International Q4 2023 Adj EPS $1.68 Beats $1.63 Estimate, Sales $478.35M Miss $480.73M Estimate
Portfolio Pulse from Benzinga Newsdesk
ICF International (NASDAQ:ICFI) reported Q4 2023 adjusted EPS of $1.68, surpassing the $1.63 estimate, marking a 7.69% year-over-year increase. However, its sales of $478.35M fell short of the $480.73M estimate, a slight 0.58% increase from the previous year.
February 27, 2024 | 10:08 pm
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ICF International reported a Q4 2023 adjusted EPS of $1.68, beating estimates, with a 7.69% increase from last year. Sales were $478.35M, slightly missing estimates.
The positive earnings per share (EPS) beat indicates operational efficiency and profitability, which is likely to be viewed favorably by investors, potentially leading to a short-term increase in stock price. However, the slight miss on sales estimates could temper some of the positive sentiment, but the overall impact is expected to be positive due to the earnings beat.
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