BD's FY24 Outlook: Revenue $20.1B - $20.3B Vs. $20.36B Estimate, Adj. EPS $12.70 - $13.00 Vs. $13.51 Estimate
Portfolio Pulse from Benzinga Newsdesk
BD has provided its fiscal 2024 outlook, expecting revenues to be in the range of $20.1 billion to $20.3 billion, lower than the estimated $20.36 billion. The company also expects adjusted diluted EPS to be $12.70 to $13.00, lower than the estimated $13.51. The company anticipates organic revenue growth of 5.25% to 6.25%, and adjusted diluted EPS growth of 4% to 6.5%.
November 09, 2023 | 11:33 am
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NEGATIVE IMPACT
BD's FY24 outlook is lower than estimates, with expected revenues of $20.1B-$20.3B and adjusted diluted EPS of $12.70-$13.00. This could potentially impact the company's stock price negatively in the short term.
BD's lower than expected FY24 outlook could lead to a decrease in investor confidence, potentially leading to a drop in the company's stock price in the short term. The company's expected revenues and adjusted diluted EPS are both lower than estimates, which could be seen as a negative signal by the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100