nVent Electric Expects FY24 Adjusted EPS Of $3.17 to $3.27 Vs $3.32 Est.; Reported Sales Growth Of 8%-10% (Organic: Up 3%-5%)
Portfolio Pulse from Benzinga Newsdesk
nVent Electric projects its FY24 adjusted EPS to be between $3.17 and $3.27, which is below the estimated $3.32. The company also anticipates sales growth of 8%-10%, with organic growth ranging from 3%-5%.
February 06, 2024 | 11:36 am
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nVent Electric projects a lower-than-expected adjusted EPS for FY24 and anticipates sales growth of 8%-10%, with organic growth at 3%-5%.
The projected adjusted EPS for FY24 being below the estimated $3.32 suggests a potential negative impact on investor sentiment and stock price in the short term. However, the anticipated sales growth could mitigate some negative perceptions, indicating a mixed but overall slightly negative outlook.
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