Fluor Reaffirmed FY24 Adj EPS Outlook At $2.50-$3.00 Vs. $2.85 Est., Adj EBITDA Revised Outlook To $625M-$675M (From $600M-$700M Prior)
Portfolio Pulse from Benzinga Newsdesk
Fluor Corporation reaffirmed its FY24 adjusted EPS outlook at $2.50-$3.00, compared to the $2.85 estimate. The company also revised its adjusted EBITDA outlook to $625M-$675M, down from the previous range of $600M-$700M.
August 02, 2024 | 9:56 am
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Fluor Corporation reaffirmed its FY24 adjusted EPS outlook at $2.50-$3.00, compared to the $2.85 estimate. The company also revised its adjusted EBITDA outlook to $625M-$675M, down from the previous range of $600M-$700M.
The reaffirmation of the EPS outlook is in line with expectations, which is neutral for the stock. However, the slight downward revision in the EBITDA range may cause some concern among investors, balancing the overall impact to neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100