Jacobs Solutions Narrowed It Outlook For FY24 Adjusted EBITDA To $1.540B-$1.585B (From $1.530B-$1.600B); Adjusted EPS Outlook To $7.80-$8.10 (From $7.70-$8.20) Vs. Est.: $8.08
Portfolio Pulse from Benzinga Newsdesk
Jacobs Solutions has updated its fiscal 2024 guidance, narrowing its adjusted EBITDA forecast to $1.540B-$1.585B and its adjusted EPS outlook to $7.80-$8.10, representing a 9% and 10% increase YoY at the midpoints, respectively. This adjustment is slightly below the estimated EPS of $8.08.
May 07, 2024 | 10:44 am
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Jacobs Solutions narrows FY24 EBITDA to $1.540B-$1.585B and EPS to $7.80-$8.10, indicating a 9-10% YoY growth but slightly below EPS estimates.
The adjustment in Jacobs Solutions' fiscal 2024 guidance reflects a positive year-over-year growth in both EBITDA and EPS. However, the slight reduction in the EPS forecast range, now below the analyst estimate of $8.08, could lead to mixed reactions in the short term. Investors might appreciate the growth but also be cautious about the lower-than-expected EPS outlook.
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