EMCOR Group Revises 2024 Guidance: Sees Revenue Of At Least $14.5B (Previously $14.5B-$15B) Vs. $14.703B Est.; Increases Its EPS Guidance To $20.50-$21 (Prior $19-$20) Vs. $19.53 Est.
Portfolio Pulse from Benzinga Newsdesk
EMCOR Group has revised its 2024 guidance, maintaining revenue expectations at a minimum of $14.5 billion, while increasing its EPS guidance to $20.50-$21.00 from the previous $19-$20 range.
October 31, 2024 | 11:42 am
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EMCOR Group has adjusted its 2024 guidance, keeping revenue expectations at a minimum of $14.5 billion and raising its EPS guidance to $20.50-$21.00.
The increase in EPS guidance suggests improved profitability, which is a positive indicator for investors. The revenue guidance remains stable, which aligns with market expectations. This combination of stable revenue and increased EPS is likely to have a positive short-term impact on EMCOR's stock price.
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