Centuri Initiates 2024 Guidance: Expects Revenue Of $2.5B-$2.7B Vs. $2.877B Est.; Sees Adjusted EBITDA Margin Of 9%-9.6%
Portfolio Pulse from Benzinga Newsdesk
Centuri has initiated its 2024 guidance, expecting revenue between $2.5 billion and $2.7 billion, which is below the estimated $2.877 billion. The company also projects an adjusted EBITDA margin of 9% to 9.6% and net capital expenditures of $90 to $99 million.
July 29, 2024 | 12:17 pm
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Centuri's 2024 revenue guidance of $2.5B-$2.7B falls short of the $2.877B estimate, which may concern investors. The adjusted EBITDA margin is projected to be between 9% and 9.6%.
The revenue guidance falling short of estimates is likely to negatively impact investor sentiment and the stock price in the short term. However, the adjusted EBITDA margin is within a reasonable range, which may mitigate some concerns.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100