Pentair Expects Q1 FY24 GAAP EPS Of $0.81-$0.84 And On An Adjusted EPS Of $0.88-$0.91 Vs. Consensus Of $0.95; Sees Sales To Be Down ~2%-3% YoY
Portfolio Pulse from Benzinga Newsdesk
Pentair has provided guidance for Q1 FY24 with expected GAAP EPS of $0.81-$0.84 and adjusted EPS of $0.88-$0.91, which is below the consensus estimate of $0.95. The company also anticipates a 2-3% year-over-year decline in sales for the quarter.
January 30, 2024 | 12:10 pm
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NEGATIVE IMPACT
Pentair's Q1 FY24 EPS guidance is below analyst consensus, with expected sales decline, potentially leading to negative investor sentiment in the short term.
Pentair's projected earnings and sales decline are significant indicators of performance that are closely watched by investors. The lower-than-expected guidance compared to consensus estimates is likely to be viewed negatively, leading to potential downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100