NVent Electric Expects Q3 Adjusted EPS Of $0.72-$0.74, Vs. Consensus Of $0.73
Portfolio Pulse from Benzinga Newsdesk
NVent Electric Plc (NYSE:NVT) anticipates Q3 adjusted EPS of $0.72-$0.74, in line with the consensus of $0.73. The company also expects Q3 reported sales growth of 16%-18%, which represents 1%-3% growth on an organic basis.
July 28, 2023 | 10:44 am
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NVent Electric's Q3 adjusted EPS and sales growth forecasts are in line with market expectations. This could maintain the stock's current price level.
NVent Electric's Q3 earnings and sales growth forecasts are in line with market expectations, which suggests that the market has already priced in this information. Therefore, unless there are other external factors, the stock price is likely to remain stable in the short term.
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