Air Products Lowered FY24 Adjusted EPS Outlook To $12.20-$12.50 (From $12.80 To $13.10) Vs. Consensus Of $12.97; Sees Q2 FY24 Adjusted EPS Guidance Of $2.60-$2.75 Vs. Consensus Of $3.16
Portfolio Pulse from Benzinga Newsdesk
Air Products has revised its FY24 adjusted EPS outlook downwards to $12.20-$12.50 from the previous range of $12.80-$13.10, falling below the consensus estimate of $12.97. Additionally, the company provided its Q2 FY24 adjusted EPS guidance of $2.60-$2.75, which is also below the consensus estimate of $3.16.
February 05, 2024 | 11:05 am
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Air Products has lowered its FY24 adjusted EPS outlook to $12.20-$12.50 from $12.80-$13.10, below the consensus of $12.97. Q2 FY24 adjusted EPS guidance is $2.60-$2.75, also below the consensus of $3.16.
The downward revision of both the FY24 EPS outlook and the Q2 FY24 EPS guidance by Air Products, especially being below the consensus estimates, is likely to negatively impact investor sentiment and could lead to a short-term decrease in the stock price. The significant deviation from expected values indicates potential challenges the company is facing, which investors may view unfavorably.
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IMPORTANCE 90
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