APi Group Corporation Reiterates FY24 Net Revenue Outlook Of $7.05B-$7.25B Vs. $7.18B Estimate; Sees Adjusted EBITDA Of $855M-$905M
Portfolio Pulse from Benzinga Newsdesk
APi Group Corporation has reaffirmed its fiscal year 2024 net revenue forecast to be in the range of $7.05 billion to $7.25 billion, aligning closely with the market estimate of $7.18 billion. Additionally, the company projects its adjusted EBITDA to be between $855 million and $905 million.
May 02, 2024 | 11:39 am
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APi Group Corporation reiterates its FY24 revenue outlook of $7.05B-$7.25B, closely matching the $7.18B estimate, and anticipates adjusted EBITDA of $855M-$905M.
Reiterating a positive revenue outlook that aligns with market estimates typically instills confidence in investors, potentially leading to a positive short-term impact on the stock price. The specific mention of expected adjusted EBITDA further supports the company's financial health and operational efficiency, reinforcing the positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100