Hillenbrand Expects FY24 Adj. EPS Of $3.60-$3.95 (Est. $3.87), Revenue Of $3.28B-$3.44B (Est. $3.18B)
Portfolio Pulse from Benzinga Newsdesk
Hillenbrand projects FY24 adjusted EPS to be between $3.60 and $3.95, surpassing the estimated $3.87. The company also forecasts revenue to range from $3.28 billion to $3.44 billion, which is higher than the estimated $3.18 billion.
November 15, 2023 | 9:34 pm
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POSITIVE IMPACT
Hillenbrand's FY24 adjusted EPS and revenue forecasts exceed analyst estimates, indicating potential growth and a positive outlook for the company's financial performance.
Hillenbrand's guidance for FY24 suggests a strong performance with both adjusted EPS and revenue expected to exceed analyst estimates. This positive outlook is likely to instill investor confidence and could lead to a short-term increase in the stock price as the market reacts to the potential for higher-than-expected earnings and revenue growth.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100