DuPont 1Q24 Outlook: Adj. EPS $0.63-$0.65 Vs. $0.67 Estimate, Revenue $2.80B Vs. $2.85B Estimate
Portfolio Pulse from Benzinga Newsdesk
DuPont has released its financial outlook for the first quarter of 2024, projecting adjusted EPS of $0.63-$0.65, below the $0.67 estimate, and revenue of $2.80B, slightly under the $2.85B estimate. The full-year outlook anticipates net sales between $11.9B and $12.3B, with operating EBITDA estimated between $2.8B and $3.0B, and adjusted EPS forecasted to be $3.25-$3.65.
February 06, 2024 | 11:13 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
DuPont's 1Q24 financial outlook indicates lower-than-expected adjusted EPS and revenue, with projections of $0.63-$0.65 and $2.80B respectively, against estimates of $0.67 and $2.85B.
DuPont's projected earnings and revenue for the first quarter of 2024 are below analyst estimates, which could lead to negative investor sentiment and potentially impact the stock price negatively in the short term. The company's full-year outlook also suggests cautious optimism, but the immediate shortfall may weigh more heavily on investor perceptions.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100