ICF International Sees FY24 Adj. EPS $7.40-$7.50 Vs $7.08 Est.; Revenue $2.0B-$2.03B Vs $2.062B Est.
Portfolio Pulse from Benzinga Newsdesk
ICF International has updated its financial guidance for fiscal year 2024, projecting adjusted EPS between $7.40 and $7.50, which is above the estimated $7.08. However, the revenue forecast of $2.0 billion to $2.03 billion is slightly below the estimated $2.062 billion.
October 31, 2024 | 8:07 pm
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ICF International has raised its FY24 adjusted EPS guidance to $7.40-$7.50, surpassing the consensus estimate of $7.08. However, its revenue projection of $2.0B-$2.03B is slightly below the expected $2.062B.
The increase in EPS guidance is a positive indicator for ICF International, suggesting improved profitability, which is likely to boost investor confidence and positively impact the stock price. However, the slightly lower revenue forecast may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100