Fortrea Forecasts 2024 Sales Of $3.14B-$3.205B Versus Consensus Of $3.20B, With Adjusted EBITDA Of $280M-$320M
Portfolio Pulse from Benzinga Newsdesk
Fortrea has projected its 2024 sales to be in the range of $3.14B-$3.205B, slightly below the consensus estimate of $3.20B. The company also forecasts its adjusted EBITDA to be between $280M-$320M.
March 11, 2024 | 10:38 am
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Fortrea projects 2024 sales to range from $3.14B to $3.205B, slightly under the consensus of $3.20B, with adjusted EBITDA forecasted at $280M-$320M.
Fortrea's sales forecast being slightly below consensus might cause some investors to react cautiously in the short term. However, the close range to consensus and the provided EBITDA forecast suggest a stable financial outlook, mitigating potential negative impact on the stock price.
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