Pentair Increased Adjusted EPS Guidance to $3.65-$3.75 From Prior Estimate Of $3.60-$3.70, Vs. Consensus Of $3.66
Portfolio Pulse from Benzinga Newsdesk
Pentair Plc. has increased its adjusted EPS guidance to $3.65-$3.75 from the previous estimate of $3.60-$3.70, against a consensus of $3.66. The company maintained its full year 2023 sales guidance to be down approximately 2 percent to flat on a reported basis. It also expects full year free cash flow to approximate 100 percent of net income.
July 27, 2023 | 11:03 am
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Pentair Plc. has raised its adjusted EPS guidance, which could lead to increased investor confidence and potentially a rise in stock price. However, the company's sales guidance for 2023 is expected to be down or flat, which could offset some of the positive impact.
The increase in EPS guidance indicates that Pentair expects to perform better than previously anticipated, which could boost investor confidence and drive up the stock price. However, the company's sales guidance for 2023 is expected to be down or flat, which could temper investor enthusiasm and limit the potential increase in stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100