CSG FY 2024 Revenue Remains $1.2B-$1.24B; Adjusted Operating Margin 17.3%-17.7%, Vs 17.0%-17.4% Est.; EPS $4.05-$4.35, Vs $3.85-$4.15 Est.; Adjusted EBITDA $247M-$257M, Vs $245M-$255M Est; Free Cash Flow Unchanged At $95M-$135M
Portfolio Pulse from Benzinga Newsdesk
CSG Systems International, Inc. (CSGS) has provided its financial guidance for FY 2024. The company expects revenue to be between $1.2 billion and $1.24 billion. Adjusted operating margin is projected to be 17.3%-17.7%, higher than the previous estimate of 17.0%-17.4%. EPS is forecasted to be $4.05-$4.35, compared to the earlier estimate of $3.85-$4.15. Adjusted EBITDA is expected to be $247 million-$257 million, versus the previous estimate of $245 million-$255 million. Free cash flow remains unchanged at $95 million-$135 million.
August 07, 2024 | 8:04 pm
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CSG Systems International, Inc. (CSGS) has updated its FY 2024 financial guidance, projecting higher revenue, adjusted operating margin, and EPS compared to previous estimates. Adjusted EBITDA is also slightly higher, while free cash flow remains unchanged.
The updated financial guidance for FY 2024 shows improvements in key metrics such as revenue, adjusted operating margin, and EPS, which are all higher than previous estimates. This positive outlook is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100