Pfizer Sees FY24 Adjusted Diluted EPS Guidance Range of $2.05-$2.25 Includes Expected Impact of Seagen Acquisition Versus Consensus Of $3.17
Portfolio Pulse from Benzinga Newsdesk
Pfizer has provided its FY24 adjusted diluted EPS guidance range of $2.05-$2.25, which includes the expected impact of the Seagen acquisition. This guidance is significantly lower than the consensus estimate of $3.17.

December 13, 2023 | 11:52 am
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Pfizer's FY24 EPS guidance is below market expectations, potentially due to costs associated with the Seagen acquisition.
Pfizer's lower-than-expected EPS guidance for FY24 suggests that the Seagen acquisition may have a significant impact on its financials, likely leading to short-term negative sentiment among investors. The substantial difference between the guidance and consensus indicates that the market may not have fully priced in the costs and implications of the acquisition, which could result in a downward pressure on Pfizer's stock price in the short term.
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