Cintas Raises FY24 EPS From $14.35-$14.65 To $14.80-$15.00; Revenue From $9.48B-$9.56B To $9.57B-$9.60B Vs $9.558B Est.
Portfolio Pulse from Benzinga Newsdesk
Cintas Corporation has updated its fiscal year 2024 earnings and revenue forecasts, raising its EPS estimate from $14.35-$14.65 to $14.80-$15.00 and its revenue projection from $9.48B-$9.56B to $9.57B-$9.60B, compared to a consensus estimate of $9.558B.

March 27, 2024 | 12:41 pm
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POSITIVE IMPACT
Cintas Corporation has raised its FY24 EPS and revenue forecasts, indicating stronger than expected financial performance.
Cintas's upward revision of both EPS and revenue forecasts for FY24 suggests the company is experiencing stronger financial performance than previously anticipated. This positive adjustment is likely to instill investor confidence and could lead to an increase in stock price in the short term, as it surpasses the consensus revenue estimate.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100