WPP Reaffirmed FY24 Outlook: LFL Revenue Less Pass-through Costs Of -1% To 0%, With Q4 Facing A Tougher Comparative Than Q3 And Macro Uncertainty
Portfolio Pulse from Benzinga Newsdesk
WPP has reaffirmed its FY24 outlook, projecting like-for-like revenue less pass-through costs to be between -1% and 0%. The company anticipates a tougher comparative in Q4 compared to Q3, amidst macroeconomic uncertainties.
October 23, 2024 | 11:06 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
WPP has reaffirmed its FY24 outlook, expecting like-for-like revenue less pass-through costs to range from -1% to 0%. The company faces a challenging Q4 due to tougher comparatives and macroeconomic uncertainties.
WPP's reaffirmation of its FY24 outlook suggests stability in its revenue expectations despite macroeconomic challenges. The anticipated tougher Q4 comparatives indicate potential pressure on performance, but the reaffirmation itself suggests no major negative surprises.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100