Pentair Provides 4Q23 Guidance: Sees Adjusted EPS Of $0.82-$0.87 Vs. Consensus Of $0.92; Expects Sales To Be Down ~3% To 4%
Portfolio Pulse from Benzinga Newsdesk
Pentair has provided its 4Q23 guidance, expecting an adjusted EPS of $0.82-$0.87, lower than the consensus of $0.92. The company also anticipates a 3-4% decrease in sales compared to 4Q22.
October 24, 2023 | 11:01 am
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Pentair's lower than expected 4Q23 guidance may negatively impact its stock price in the short term.
Pentair's 4Q23 guidance is lower than the consensus, which could lead to a negative market reaction and a potential decrease in its stock price. Additionally, the company's expected sales drop could further impact investor sentiment.
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IMPORTANCE 80
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