Stantec Increases 2024 Targets For Net Revenue Growth From 7%-12% To 11%-15%; Revises Adjusted EPS Growth Targets From 11%-16% To 12%-16%
Portfolio Pulse from Benzinga Newsdesk
Stantec has revised its 2024 financial targets, increasing its net revenue growth expectations from 7%-12% to 11%-15% and adjusting its EPS growth targets from 11%-16% to 12%-16%.
February 28, 2024 | 10:07 pm
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Stantec has updated its 2024 financial outlook, indicating stronger than previously expected revenue and earnings per share growth.
Stantec's upward revision of both its net revenue growth and EPS growth targets for 2024 suggests a positive outlook on the company's financial health and operational efficiency. This optimistic update is likely to instill confidence among investors, potentially leading to a short-term increase in the stock price as the market reacts to the improved growth prospects.
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