Embecta Sees FY24 Adjusted EPS Of $1.90-$2.10 Versus Consensus Of $1.94
Portfolio Pulse from Benzinga Newsdesk
Embecta Corp. has provided guidance for its FY24 adjusted earnings per share (EPS), projecting a range of $1.90 to $2.10. This forecast is in line with the consensus estimate of $1.94.
November 21, 2023 | 10:38 am
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Embecta Corp. has issued its FY24 adjusted EPS guidance, expecting to hit between $1.90 and $2.10, which is consistent with analyst expectations.
Embecta's guidance for FY24 adjusted EPS falls within the range of analyst expectations, suggesting that the company's financial outlook is in line with market predictions. This typically does not lead to significant stock price movements as the information confirms rather than surprises market expectations. However, it does reinforce investor confidence in the company's stability and may support the stock's current valuation.
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