Clarivate Anticipates Sequential Improvement In Q2 Organic Revenue Growth; Reaffirms FY24 Outlook With Revenues $2.57B-$2.67B (Est $2.617B), Adjusted EPS Of $0.70-$0.80 (Est $0.74)
Portfolio Pulse from Benzinga Newsdesk
Clarivate has projected a sequential improvement in its Q2 organic revenue growth and has reaffirmed its full-year 2024 outlook, expecting revenues to be between $2.57 billion and $2.67 billion, with an estimated adjusted EPS of $0.70 to $0.80, aligning closely with the estimated $0.74.
May 08, 2024 | 10:22 am
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POSITIVE IMPACT
Clarivate projects an increase in Q2 organic revenue growth and maintains its FY24 revenue forecast of $2.57B-$2.67B with an adjusted EPS of $0.70-$0.80.
Clarivate's reaffirmation of its FY24 outlook and the anticipation of sequential improvement in Q2 organic revenue growth are positive signals to investors, likely leading to increased investor confidence and potentially a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100