Church & Dwight Expects 2024 Reported And Organic Sales Growth To Be 4-5%, Adjusted EPS Growth Of 7-9%; Reported And Organic Sales Growth Of ~4%, Adjusted EPS Of $0.85 (Est. $0.93) For Q1
Portfolio Pulse from Benzinga Newsdesk
Church & Dwight anticipates a 4-5% increase in both reported and organic sales growth for 2024, with an adjusted EPS growth of 7-9%. For Q1, the company expects around 4% growth in reported and organic sales, with an adjusted EPS of $0.85, which is below the estimated $0.93.
February 02, 2024 | 12:04 pm
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Church & Dwight expects 4-5% sales growth and 7-9% adjusted EPS growth in 2024, but Q1 adjusted EPS is below estimates at $0.85.
The company's forecast for 2024 indicates a positive outlook on sales and EPS growth. However, the lower-than-expected adjusted EPS for Q1 could lead to short-term negative sentiment among investors, potentially impacting the stock price negatively.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100