Parker Hannifin Expects FY24 Total Sales Growth Of 3%-6%, Adjusted EPS Of $21.90-$22.90; Consensus $22.26
Portfolio Pulse from Benzinga Newsdesk
Parker Hannifin has projected a total sales growth of 3%-6% for FY24, with an adjusted EPS of $21.90-$22.90. The consensus estimate was $22.26.

August 04, 2023 | 1:05 pm
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NEUTRAL IMPACT
Parker Hannifin's FY24 sales growth and adjusted EPS projections are in line with market expectations.
Parker Hannifin's projected sales growth and adjusted EPS for FY24 are within the range of market expectations, indicating that the company's performance is likely to be stable. This news is highly relevant to PH as it directly pertains to the company's financial outlook. The importance is high as earnings projections can significantly influence investor sentiment and stock price. The confidence in this analysis is high as the information is directly provided by the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100