Republic Services Sees FY24 Adj. EPS $6.15-$6.20 Vs $6.06 Est.; Revenue $16.075B-$16.125B Vs $16.149B Est.
Portfolio Pulse from Benzinga Newsdesk
Republic Services has provided its financial outlook for fiscal year 2024, projecting adjusted EPS between $6.15 and $6.20, which is higher than the estimated $6.06. However, the revenue forecast of $16.075 billion to $16.125 billion is slightly below the estimated $16.149 billion.
July 24, 2024 | 8:10 pm
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POSITIVE IMPACT
Republic Services' FY24 adjusted EPS guidance of $6.15-$6.20 exceeds the $6.06 estimate, indicating strong profitability. However, the revenue forecast of $16.075B-$16.125B is slightly below the $16.149B estimate, which may raise concerns about growth.
The higher-than-expected EPS guidance suggests strong profitability, which is a positive indicator for the stock. However, the slightly lower revenue forecast may temper investor enthusiasm. Overall, the positive EPS outlook is likely to have a more significant impact, leading to a short-term positive movement in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100