P&G Reiterates FY24 Adj. EPS Guidance $6.25 - $6.43 Vs $6.38 Estimate, Sees Revenue Growth 2% - 4% Y/Y
Portfolio Pulse from Benzinga Newsdesk
P&G has reiterated its FY24 adjusted EPS guidance of $6.25 - $6.43, which is in line with the $6.38 estimate. The company expects a revenue growth of 2% - 4% year over year. Despite an incremental $600 million after-tax foreign exchange headwind, P&G maintains its EPS range and outlook for organic sales growth of 4% - 5%.
October 18, 2023 | 10:58 am
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P&G maintains its FY24 EPS guidance and expects a 2% - 4% Y/Y revenue growth. The company is facing a $600M foreign exchange headwind but keeps its organic sales growth outlook at 4% - 5%.
P&G's reiteration of its FY24 EPS guidance and revenue growth expectations, despite the foreign exchange headwind, indicates the company's confidence in its financial performance. This could potentially reassure investors, but the impact on the stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100