Parker Hannifin Revised FY24 Total Sales Growth Outlook To 2.5%-5.5% From 3%-6%, Adjusted EPS To $22.60-$23.40 From $21.90-$22.90; Consensus $22.62
Portfolio Pulse from Benzinga Newsdesk
Parker Hannifin has revised its FY24 total sales growth outlook to 2.5%-5.5% from 3%-6%. The company also adjusted its EPS to $22.60-$23.40 from $21.90-$22.90, which is in line with the consensus of $22.62.
November 02, 2023 | 11:37 am
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NEUTRAL IMPACT
Parker Hannifin's revised FY24 sales growth and EPS outlook may impact its stock price.
Parker Hannifin's revised FY24 outlook is in line with consensus estimates, which may not significantly impact the stock price. However, the lowered sales growth outlook could create some uncertainty among investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100