ADT Reiterated FY24 CSB Total Revenue of $4.8B-$5.0B, Adj EPS of $0.60-$0.70 Vs $0.58 Est
Portfolio Pulse from Benzinga Newsdesk
ADT has reiterated its FY24 financial guidance, projecting CSB total revenue of $4.8B-$5.0B, adjusted EBITDA of $2.525B-$2.625B, adjusted EPS of $0.60-$0.70 versus an estimate of $0.58, and adjusted free cash flow of $700M-$800M.
April 25, 2024 | 11:05 am
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ADT has reiterated its FY24 financial guidance, indicating confidence in achieving projected revenue, EBITDA, EPS, and free cash flow targets.
Reiterating financial guidance often signals to investors that a company is on track to meet or exceed its financial targets, which can positively influence investor sentiment and potentially lead to an increase in stock price in the short term.
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