KBR Raises FY24 Outlook: Adj. EPS $3.15-$3.30 (Up From $3.10-$3.30 Prior) Vs. $3.24 Estimate, GAAP EPS $2.94-$3.09 (Up From $2.88-$3.08 Prior) Vs. $3.04 Estimate, Revenue $7.40B-$7.70B (Unchanged) Vs. $7.57B Estimate
Portfolio Pulse from Benzinga Newsdesk
KBR has raised its FY24 outlook, increasing its adjusted EPS to $3.15-$3.30 from $3.10-$3.30 and GAAP EPS to $2.94-$3.09 from $2.88-$3.08. Revenue guidance remains unchanged at $7.40B-$7.70B.
July 24, 2024 | 10:06 am
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KBR has raised its FY24 outlook, increasing its adjusted EPS to $3.15-$3.30 from $3.10-$3.30 and GAAP EPS to $2.94-$3.09 from $2.88-$3.08. Revenue guidance remains unchanged at $7.40B-$7.70B.
The increase in both adjusted and GAAP EPS indicates improved profitability expectations, which is likely to positively impact KBR's stock price in the short term. The unchanged revenue guidance suggests stable revenue expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100