Clarivate backs FY24 adjusted EPS view 70c-80c, consensus 74c

Backs FY24 revenue view $2.57B-$2.67B, consensus $2.62B. Backs FY24 adjusted EBITDA view $1.06B-$1.12B. Backs FY24 free cash flow view $420M-$500M. “With first quarter results in line with our expectations, we reaffirm our 2024 full year outlook,” said Jonathan Collins, Executive Vice President and Chief Financial Officer. “Currently, we anticipate a sequential improvement in organic revenue growth in the second quarter compared to the first quarter. For the full year, we continue to expect to deliver improved growth across our three segments driven by the benefit of product investments and modestly improving market conditions.”