Leidos Holdings Expects FY24 Revenue of $16.1B-$16.4B ($16.0B-$16.4B) Vs $16.25B Est, Adj EPS of $8.60-$9.00 (Prior $8.40-$8.80) Vs $8.82 Est
Portfolio Pulse from Benzinga Newsdesk
Leidos Holdings has updated its fiscal year 2024 guidance, projecting revenues between $16.1 billion and $16.4 billion, adjusted EBITDA margin of approximately 12%, and non-GAAP diluted EPS between $8.60 and $9.00. The company maintains its cash flow guidance at approximately $1.3 billion.
July 30, 2024 | 10:03 am
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POSITIVE IMPACT
Leidos Holdings has updated its FY24 guidance, projecting higher revenues and EPS compared to prior estimates. This positive revision is likely to boost investor confidence and support the stock price in the short term.
The updated guidance shows an increase in expected revenues and EPS, which are key metrics for investors. The positive revision is likely to enhance investor sentiment and support the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100