Verra Mobility Reaffirms FY24 Adj EPS Guidance $1.20 Vs $1.20 Estimate; Sales Guidance $880.00M vs $880.4M Estimate
Portfolio Pulse from Benzinga Newsdesk
Verra Mobility reaffirms its FY24 guidance, projecting adjusted EPS of $1.20, in line with estimates, and sales guidance of $880 million, slightly below the $880.4 million estimate. The company expects total revenue, adjusted EBITDA, and adjusted EPS to be at the upper end of their respective ranges.
August 08, 2024 | 8:26 pm
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Verra Mobility reaffirms its FY24 guidance, projecting adjusted EPS of $1.20, in line with estimates, and sales guidance of $880 million, slightly below the $880.4 million estimate. The company expects total revenue, adjusted EBITDA, and adjusted EPS to be at the upper end of their respective ranges.
The reaffirmation of guidance, especially with expectations to hit the upper end of ranges, is a positive signal for investors. It indicates stability and confidence in the company's performance, likely leading to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100