Chesapeake Utilities Continues To Support Its 2024 Adj EPS Guidance Of $5.33-$5.45, Est $5.40
Portfolio Pulse from Benzinga Newsdesk
Chesapeake Utilities (CPK) reaffirms its 2024 adjusted EPS guidance of $5.33-$5.45, aligning with estimates of $5.40. The company also maintains its capital expenditure guidance for 2028, projecting an EPS growth rate of approximately 8% from its previous 2025 guidance, indicating a strong long-term financial outlook.
May 08, 2024 | 9:06 pm
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Chesapeake Utilities reaffirms its 2024 EPS guidance and projects strong long-term growth, indicating a positive outlook for investors.
Reaffirming both short-term and long-term EPS guidance, especially when it aligns with estimates, typically instills confidence in investors about the company's financial health and strategic direction. This positive outlook is likely to influence CPK's stock price positively in the short term as it reflects the company's stability and growth potential.
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