ICON Public (NASDAQ:ICLR) Releases FY24 Earnings Guidance

ICON Public (NASDAQ:ICLR) updated its FY24 earnings guidance on Wednesday. The company provided EPS guidance of $13.90-14.10 for the period, compared to the consensus EPS estimate of $15.08. The company issued revenue guidance of $8.26-8.30 billion, compared to the consensus revenue estimate of $8.51 billion. ICON Public also updated its FY 2024 guidance to 13.900-14.100 EPS.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ICLR. Redburn Atlantic assumed coverage on ICON Public in a research report on Monday, October 14th. They set a “neutral” rating and a $311.00 price objective for the company. StockNews.com lowered ICON Public from a “buy” rating to a “hold” rating in a research report on Thursday, September 19th. The Goldman Sachs Group lowered their price target on ICON Public from $370.00 to $280.00 and set a “buy” rating on the stock in a report on Friday. Leerink Partners reduced their price objective on shares of ICON Public from $376.00 to $270.00 and set an “outperform” rating for the company in a report on Friday. Finally, Robert W. Baird lowered shares of ICON Public from an “outperform” rating to a “neutral” rating and set a $340.00 target price for the company. in a research report on Thursday. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, ICON Public has an average rating of “Moderate Buy” and an average price target of $310.45.

ICON Public Stock Down 0.6 %

ICLR stock opened at $220.47 on Friday. The firm has a market cap of $18.19 billion, a PE ratio of 25.70, a P/E/G ratio of 1.35 and a beta of 1.22. ICON Public has a 12 month low of $220.01 and a 12 month high of $347.72. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a 50 day simple moving average of $297.75 and a 200 day simple moving average of $310.26.

ICON Public (NASDAQ:ICLR) last announced its quarterly earnings data on Wednesday, October 23rd. The medical research company reported $3.35 EPS for the quarter, missing analysts’ consensus estimates of $3.72 by ($0.37). The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.13 billion. ICON Public had a net margin of 8.57% and a return on equity of 12.06%. ICON Public’s revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the company posted $3.10 EPS. Equities research analysts forecast that ICON Public will post 14.53 earnings per share for the current fiscal year.

About ICON Public

ICON Public Limited Company, a clinical research organization, provides outsourced development and commercialization services in Ireland, rest of Europe, the United States, and internationally. The company specializes in the strategic development, management, and analysis of programs that support various stages of the clinical development process from compound selection to Phase I-IV clinical studies.