Johnson Controls Expects Q2 Organic Revenue ~Flat Y/Y, Adjusted EPS Before Special Items Of ~$0.74-$0.78, Est $0.78
Portfolio Pulse from Benzinga Newsdesk
Johnson Controls anticipates its Q2 organic revenue to be approximately flat year-over-year, with an adjusted EPS before special items estimated to be in the range of $0.74-$0.78, which is in line with the estimate of $0.78.
January 30, 2024 | 12:01 pm
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Johnson Controls expects Q2 organic revenue to be roughly unchanged from last year and adjusted EPS before special items to be $0.74-$0.78, meeting analyst expectations.
The company's guidance indicates stability in organic revenue, which suggests no significant growth or decline. The adjusted EPS forecast is within the expected range, which may not lead to a strong market reaction. However, the confirmation of expected performance can be seen as a positive sign of stability, which might be appreciated by investors in uncertain market conditions.
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