CACI Raises FY24 Adj. EPS Guidance From $19.91-$20.58 To $20.13-$20.58 vs $20.31 Est., Raises Revenue Guidance From $7.3B-$7.5B To $7.5B-$7.6B vs $7.4B Est.
Portfolio Pulse from Benzinga Newsdesk
CACI International Inc. has updated its FY24 adjusted EPS guidance to a range of $20.13-$20.58, up from the previous range of $19.91-$20.58, compared to analysts' expectations of $20.31. Additionally, the company raised its revenue guidance for FY24 from $7.3B-$7.5B to $7.5B-$7.6B, surpassing the estimated $7.4B.
April 24, 2024 | 8:21 pm
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CACI International Inc. has raised its FY24 adjusted EPS and revenue guidance, indicating stronger performance than previously anticipated.
CACI's upward revision of both its EPS and revenue guidance for FY24 suggests the company is performing better than expected, which is likely to positively influence investor sentiment and potentially lead to a short-term increase in stock price. The adjustments surpass analysts' expectations, further reinforcing the positive outlook.
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