Edgewell Personal Care Company Expects FY24 Adjusted EPS Of $2.65-$2.85 Vs. $2.77 Estimate; Sees FY24 Adjusted EBITDA Of $340M-$352M; Forecasts FY24 Reported Net Sales To Rise 1%-3%
Portfolio Pulse from Benzinga Newsdesk
Edgewell Personal Care Company (EPC) has provided its financial outlook for FY24, expecting an adjusted EPS of $2.65-$2.85, which is lower than the $2.77 estimate. The company also forecasts an adjusted EBITDA of $340M-$352M and a 1%-3% rise in reported net sales.
November 09, 2023 | 11:13 am
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Edgewell Personal Care's FY24 adjusted EPS forecast is lower than the estimate, which could negatively impact the stock price in the short term.
Edgewell's lower than expected EPS forecast for FY24 could lead to a negative sentiment among investors, potentially causing a decrease in the stock price. The company's forecast of a 1%-3% rise in net sales might not be enough to offset the lower EPS forecast.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100