Entegris Expects 4Q23 Sales Of $770M-$790M Vs. $845.69M Consensus; Adjusted Of $0.55 To $0.60 Vs. $0.62 Consensus; And EBITDA To Be ~26% To 27% Of Sales
Portfolio Pulse from Benzinga Newsdesk
Entegris has provided its Q4 2023 guidance, expecting sales of $770M-$790M, lower than the consensus of $845.69M. The company also anticipates adjusted earnings per share of $0.55 to $0.60, below the consensus of $0.62. The guidance does not include the recently divested Electronic Chemicals business and only includes a minimal impact from the terminated alliance agreement with Element Solutions.
November 02, 2023 | 10:12 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Entegris' Q4 2023 guidance is lower than consensus estimates, which could negatively impact the company's stock in the short term.
Entegris' Q4 2023 guidance is lower than consensus estimates, which could lead to a negative sentiment among investors and potentially result in a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100