Johnson Controls Q4 Adj. EPS Outlook $1.10 Vs. $1.13 Estimate
Portfolio Pulse from Benzinga Newsdesk
Johnson Controls has issued its Q4 guidance for fiscal 2023, forecasting an organic revenue growth of approximately 4% YoY, an adjusted segment EBITA margin improvement of around 60 basis points YoY, and an adjusted EPS before special items of about $1.10, representing an 11% growth YoY. However, the EPS outlook is slightly lower than the estimated $1.13.
August 04, 2023 | 10:56 am
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Johnson Controls' Q4 FY2023 guidance indicates a lower EPS than estimated, which may negatively impact the stock price in the short term.
Johnson Controls' Q4 FY2023 EPS outlook is lower than the estimated $1.13. This could lead to a negative sentiment among investors, potentially causing a short-term decrease in the stock price.
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