ESCO Sees FY24 Adj. EPS $4.10-$4.30 vs $4.21 Est., Net Sales $1.02B-$1.04B vs $1.01B Est.
Portfolio Pulse from Benzinga Newsdesk
ESCO Technologies Inc. provided its FY24 adjusted earnings per share (EPS) guidance to be between $4.10 and $4.30, which brackets the analyst estimate of $4.21. The company also forecasts net sales for FY24 to be in the range of $1.02 billion to $1.04 billion, slightly above the estimated $1.01 billion.
November 16, 2023 | 9:30 pm
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ESCO Technologies Inc. expects FY24 adjusted EPS to be $4.10-$4.30, compared to the $4.21 analyst estimate, and anticipates net sales of $1.02B-$1.04B, exceeding the $1.01B estimate.
ESCO Technologies Inc.'s guidance for FY24 suggests a positive outlook, with both adjusted EPS and net sales figures either meeting or exceeding analyst estimates. This type of guidance typically instills confidence in investors and can lead to a short-term positive impact on the stock price. The company's specific mention and the fact that the estimates are above market expectations contribute to the high relevance and importance scores.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100