Crown Holdings Sees Q1 Adj. EPS $0.90-$1.00 vs $1.43 Est., Sees FY24 Adj. EPS $5.80-$6.20 vs $6.80 Est.
Portfolio Pulse from Benzinga Newsdesk
Crown Holdings provided its Q1 adjusted EPS guidance in the range of $0.90-$1.00, below the estimated $1.43. For FY24, the adjusted EPS is projected to be between $5.80-$6.20, also below the estimated $6.80.
February 05, 2024 | 9:19 pm
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NEGATIVE IMPACT
Crown Holdings projects lower than expected adjusted EPS for Q1 and FY24, indicating potential financial challenges or market underperformance.
The projected decrease in adjusted EPS for both Q1 and FY24 suggests that Crown Holdings may face financial challenges or underperformance relative to market expectations. This could lead to negative investor sentiment and a potential decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100