Fluor Reaffirmed FY24 Adj. EPS Guidance Of $2.50-$3.00 Vs. $2.79 Est., Adj. EBITDA Of $600M-$700M
Portfolio Pulse from Benzinga Newsdesk
Fluor Corporation has reaffirmed its fiscal year 2024 adjusted earnings per share (EPS) guidance to be in the range of $2.50 to $3.00, compared to the estimated $2.79. Additionally, the company expects its adjusted EBITDA to be between $600 million and $700 million.
May 03, 2024 | 10:54 am
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Fluor Corporation reaffirms its FY24 adjusted EPS guidance of $2.50-$3.00, in line with estimates, and expects adjusted EBITDA of $600M-$700M.
Reaffirming guidance often signals management's confidence in the company's future performance. This announcement could positively influence investor sentiment, potentially leading to a short-term uptick in FLR's stock price. The alignment with analyst estimates further solidifies expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100