Nordson Likely To Post Lower Q3 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Nordson Corporation (NASDAQ:NDSN) is expected to report lower Q3 earnings at $2.32 per share, down from $2.49 per share a year ago. The company's revenue might be $665.65 million, slightly up from $662.13 million in the year-ago period. Nordson shares fell 0.5% to close at $232.33 on Friday. Several analysts have recently updated their price targets for the company, with most maintaining positive ratings.
August 21, 2023 | 4:23 am
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NEGATIVE IMPACT
Nordson Corporation is expected to report lower Q3 earnings, which might negatively impact the stock price. However, most analysts maintain positive ratings, which could provide some support.
The expected lower earnings for Q3 could lead to a negative sentiment among investors, potentially driving the stock price down. However, the positive ratings from most analysts could mitigate this impact to some extent, as it indicates their confidence in the company's long-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100