Gross margin expansion and reversal of impairments are drivers behind CCCC's 10% earnings growth in 1Q24, ahead of consensus forecast. We estimate the backlog to cover 4.5x FY24F revenue.
What is covered in the Full Insight:
Earnings and Profitability Analysis
Factors that Impact Earnings
Q1 2024 Results Comparison
Significance of New Contracts and Future Potential
Stock Valuation and Market Position
SUMMARY
(Sign Up to Access)
Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
Unlock all research summaries
Follow top, independent analysts
Receive personalised alerts and emails
Access Briefings, Analytics, and Events
Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.
Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.