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.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100