Universal Technical Institute Raises FY24 EPS Guidance From $0.67-$0.72 To $0.68-$0.73 vs $0.70 Est.; Raises Revenue Guidance From $710M-$720M To $720M-$730M vs $715.79M Est.
Portfolio Pulse from Benzinga Newsdesk
Universal Technical Institute (UTI) has updated its fiscal year 2024 earnings per share (EPS) guidance to a range of $0.68-$0.73, up from the previous range of $0.67-$0.72. Additionally, UTI raised its revenue guidance for FY24 from $710 million-$720 million to $720 million-$730 million, surpassing the estimated $715.79 million.
May 08, 2024 | 9:35 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Universal Technical Institute has raised its FY24 EPS and revenue guidance, indicating a positive outlook and potentially higher future profitability.
Raising both EPS and revenue guidance for FY24 suggests UTI is experiencing stronger than expected financial performance and growth prospects. This positive revision is likely to instill investor confidence, potentially leading to a short-term increase in stock price as market participants react to the improved outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100