Eaton Narrowed FY23 Organic Growth Guidance To A Range Of 11% To 12%, Up 50 Bps At The Midpoint, And Raised Adjusted EPS Guidance To $8.95-$9.05 (Vs. $8.8 Consensus), Up $0.25 At The Midpoint
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Eaton Corporation (ETN) has updated its FY23 guidance, narrowing its organic growth forecast to 11-12%, up 50 basis points at the midpoint. The company also raised its adjusted EPS guidance to $8.95-$9.05, up $0.25 at the midpoint, and its full year operating cash flow guidance to $3.3-$3.7 billion, up $100 million at the midpoint. For Q4 2023, Eaton anticipates organic growth of 8-10% and adjusted EPS of $2.39-$2.49.
October 31, 2023 | 10:37 am
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Eaton Corporation has updated its FY23 guidance, which could potentially impact its stock price. The company has raised its adjusted EPS guidance and operating cash flow guidance, which could be seen as a positive sign by investors.
Eaton Corporation's updated FY23 guidance indicates a positive outlook for the company's performance. The raised adjusted EPS and operating cash flow guidance could be interpreted by investors as a sign of strong financial health, potentially leading to an increase in the company's stock price in the short term.
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