Ituran Location & Control (ITRN) Misses Q4 EPS by 13c, provides guidance

Ituran Location & Control (NASDAQ: ITRN) reported Q4 EPS of $0.47, $0.13 worse than the analyst estimate of $0.60. Revenue for the quarter came in at $77.8 million versus the consensus estimate of $81.2 million.

Guidance for 2024:

Overall, looking ahead to 2024, management\'s expectations are for continued revenue growth and profitability.

Management expects to add approximately 35,000 to 40,000, net new subscribers per quarter during 2024.

From a financial perspective, Ituran introduces EBITDA guidance. 2024 EBITDA expectations are between $90-95 million, and 2025 EBITDA is targeted to surpass $100 million. It is noted that these targets are based on current exchange rates and assumes that the current global macro-economic situation and political situation in Israel does not significantly worsen.

For earnings history and earnings-related data on Ituran Location & Control (ITRN) click here.

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