CRH 2024 Outlook: Expects EPS Of $5.15-$5.45 Vs $5.4 Est, And Adjusted EBITDA Of $6.55B-$6.85B
Portfolio Pulse from Benzinga Newsdesk
CRH provides its 2024 outlook, expecting EPS to range from $5.15 to $5.45, compared to the estimated $5.4, and forecasts adjusted EBITDA to be between $6.55B and $6.85B. The guidance includes details on net income, capital expenditure, and assumptions on interest expense, tax rate, and share count.
May 10, 2024 | 6:42 am
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CRH's 2024 outlook indicates a slight variance in EPS expectations compared to estimates, with a projected range of $5.15 to $5.45 against an estimated $5.4. The company also expects adjusted EBITDA to be between $6.55B and $6.85B, providing insights into its financial health and operational efficiency for the upcoming year.
The slight variance in EPS from the estimated $5.4 to the forecasted range suggests a cautious but stable outlook for CRH. The detailed financial guidance, including net income and capital expenditure, alongside operational metrics like interest expense, tax rate, and share count, provides a comprehensive view of the company's expectations for 2024. This information is crucial for investors to assess CRH's future profitability and operational efficiency, but the close alignment with estimates indicates a neutral short-term impact on the stock price.
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