Q: Hi, Could you please comment on the quarter.
What would be a reasonable price range to add some shares ?
Thank You
What would be a reasonable price range to add some shares ?
Thank You
5i Research Answer:
EPS of $2.24 slightly beat estimates (23c). Revenue $2.99B matched estimates also ($2.98B). EBITDA matched at $585M ($584.9M). If points were given for coming close to estimates, WSP would win. WSP raised its revenue forecast to $11.8B+, from $11.4B+. EBITDA guidance was raised to $2.16B+, from $2.10B+. Backlog rose about 4% to $14.8B. Revenue rose 10.7%. EBITDA margins increased 0.4%. Year-to-date, operating cash flow increased very nicely. All looks good here. We think $245 would be attractive if it backs off.