DuPont FY24 Outlook: Adj. EPS $3.25-$3.65 Vs. $3.36 Estimate, Revenue$11.9B-$12.3B Vs. $12.14B Estimate
Portfolio Pulse from Benzinga Newsdesk
DuPont has released its financial outlook for FY24, projecting adjusted EPS of $3.25-$3.65, compared to the $3.36 estimate, and revenue of $11.9B-$12.3B, against the $12.14B estimate. The company expects 1Q'24 net sales of approximately $2,800 million and operating EBITDA of around $610 million for the same period, with full-year operating EBITDA forecasted to be between $2,800 million and $3,000 million.
February 06, 2024 | 11:10 am
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DuPont forecasts FY24 adjusted EPS of $3.25-$3.65, slightly above and below the $3.36 estimate, with revenue projections of $11.9B-$12.3B, closely aligning with the $12.14B estimate.
DuPont's FY24 financial outlook presents a balanced view with its EPS and revenue forecasts closely aligning with analyst estimates. This suggests a stable financial performance but doesn't strongly indicate a significant positive or negative short-term price movement. The slight variance in EPS and revenue projections compared to estimates may lead to cautious optimism among investors, but without a clear directional catalyst, the impact on the stock price is likely to be neutral in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100