Adtalem Global Education Raises FY24 Adj. EPS Guidance From $4.55-$4.75 To $4.80-$5.00 vs $4.65 Est., Raises Revenue Guidance From $1.52B-$1.56B To $1.56B-$1.58B vs $1.54B Est.
Portfolio Pulse from Benzinga Newsdesk
Adtalem Global Education has increased its FY24 adjusted EPS guidance from $4.55-$4.75 to $4.80-$5.00, surpassing the $4.65 estimate. Additionally, revenue guidance for the same period has been raised from $1.52B-$1.56B to $1.56B-$1.58B, exceeding the $1.54B estimate.
May 02, 2024 | 9:36 pm
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Adtalem Global Education has raised its FY24 adjusted EPS and revenue guidance above market estimates, indicating a positive outlook for the company's financial performance.
Raising both EPS and revenue guidance above analyst estimates typically signals management's confidence in the company's future performance. This positive outlook is likely to be well-received by investors, potentially leading to a short-term increase in stock price as market participants adjust their expectations upwards.
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