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 FY24, projecting adjusted EPS between $7.40 and $7.50, surpassing the previous estimate of $7.08. However, the revenue forecast of $2.0B to $2.03B is slightly below the estimated $2.062B.
October 31, 2024 | 8:10 pm
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ICF International has raised its FY24 adjusted EPS guidance to $7.40-$7.50, exceeding the previous estimate of $7.08. However, its revenue forecast of $2.0B-$2.03B is slightly below the expected $2.062B.
The increase in EPS guidance is a positive indicator for ICFI's profitability, likely boosting investor confidence and stock price. However, the slightly lower revenue forecast may temper enthusiasm, but the overall impact is expected to be positive due to the stronger EPS outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100