Amcor Sees FY24 Adj. EPS $0.67-$0.71 vs $0.73 Est.
Portfolio Pulse from Benzinga Newsdesk
Amcor has projected its FY24 adjusted EPS to be between $0.67 and $0.71, which is lower than the estimated $0.73.
August 16, 2023 | 8:12 pm
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NEGATIVE IMPACT
Amcor's lower than expected FY24 adjusted EPS forecast may negatively impact its stock price.
Earnings per share (EPS) is a key indicator of a company's profitability. A lower than expected EPS forecast often leads to a negative market reaction as it indicates potential future earnings weakness. Therefore, this news is likely to have a negative impact on Amcor's stock price in the short term.
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