Driven Brands Reaffirms Its 2024 Outlook: Expects Revenues Between $2.35B-$2.45B Vs. $2.428B Estimate, Projects Adjusted EPS Between $0.88 - $1.00 Vs. $0.95 Estimate
Portfolio Pulse from Benzinga Newsdesk
Driven Brands has reaffirmed its fiscal year 2024 financial outlook, projecting revenues between $2.35 billion and $2.45 billion, which aligns with the $2.428 billion estimate. The company also expects its adjusted EPS to range from $0.88 to $1.00, closely matching the $0.95 estimate. Additionally, Driven Brands anticipates adjusted EBITDA to be between $535 million and $565 million.
May 02, 2024 | 11:40 am
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Driven Brands reaffirms its FY2024 outlook with expected revenues of $2.35B-$2.45B and adjusted EPS of $0.88-$1.00, closely aligning with analyst estimates.
Reaffirming its fiscal year 2024 outlook, especially when the projections closely match analyst estimates, is likely to instill confidence in investors and could positively impact Driven Brands' stock price in the short term. The alignment with estimates suggests that the company is on track to meet or potentially exceed financial targets, which is generally viewed positively by the market.
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