Nordson Likely To Report Lower Q4 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Nordson Corporation (NASDAQ:NDSN) is expected to report lower Q4 earnings at $2.39 per share compared to $2.44 a year ago, with revenue estimated at $706.76 million versus $683.58 million. The company declared a Q1 cash dividend of 68 cents per share. Shares dropped 0.6% to $237.66. Analysts from Baird, Wells Fargo, Keybanc, and Loop Capital have provided ratings and price targets.
December 12, 2023 | 11:47 am
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NEUTRAL IMPACT
Nordson is anticipated to report a slight decrease in Q4 earnings per share but an increase in revenue. The company has declared a dividend and experienced a minor stock price drop.
The expected decrease in earnings per share could be seen as a negative signal, potentially impacting the stock price negatively in the short term. However, the increase in revenue and the declaration of a dividend could offset this impact, leading to a neutral score. The recent stock price drop is minor and may not significantly influence future performance.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100