Medpace Holdings Sees FY24 GAAP EPS $10.79-$11.47 Vs $10.61 Est.; Revenue $2.15B-$2.2B Vs $2.185B Est.
Portfolio Pulse from Benzinga Newsdesk
Medpace Holdings projects its FY24 GAAP EPS to be between $10.79 and $11.47, surpassing the estimated $10.61. The company anticipates revenues to range from $2.15 billion to $2.2 billion, slightly below the $2.185 billion estimate.
April 22, 2024 | 8:23 pm
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POSITIVE IMPACT
Medpace Holdings projects higher FY24 GAAP EPS than estimated but slightly lower revenues.
The projection of a higher than expected GAAP EPS for FY24 suggests strong profitability, likely leading to a positive investor sentiment and potential stock price increase. However, the slightly lower revenue forecast could temper some of the enthusiasm, making the overall impact positive but with caution.
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