Fed’s Powell opens door to potential rate cuts at Jackson Hole
Investing.com -- Shares of Informa (LSE:LON:INF) fell by 1.5% today, despite the company reporting robust financial results for fiscal year 2024.
The global information services group announced underlying growth that exceeded consensus estimates of 10.8%, registering an 11.6% increase. Adjusted earnings before interest and taxes (EBIT) and adjusted earnings per share (EPS) were reported largely in line with consensus.
The company also achieved approximately an 8% free cash flow (FCF) beat compared to previous fiscal year 2025 guidance. This was attributed to improvements in working capital and a lower cash tax rate. Additionally, Informa indicated a potential £200 million-plus buyback for 2025, which could be seen as an incremental positive by investors.
Looking ahead, Informa’s fiscal year 2025 growth guidance appears to reaffirm market confidence, with a reiteration of 5%+ underlying revenue growth and a stated target of over 15%. The company is aiming for double-digit adjusted diluted EPS growth.
The projected adjusted diluted EPS for FY25 is approximately 56-57p, which is slightly below the Visible Alpha median consensus of 57.6p, prior to the disposal of Curinos.
Morgan Stanley (NYSE:MS) commented on the results, stating: "Given the 10% pull-back from highs (mainly macro, partly FX), results should reassure and we would argue for low single-digit % outperformance today."
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.