AMETEK Expects Overall Q1 Sales To Be Up Low Double Digits On A Percentage Basis; Adjusted EPS Of $1.56-$1.60 (Est. $1.61)
Portfolio Pulse from Benzinga Newsdesk
AMETEK anticipates an increase in overall Q1 sales, expecting a low double-digit percentage rise. However, the company projects its adjusted EPS to be between $1.56 and $1.60, slightly below the estimated $1.61.
February 06, 2024 | 12:00 pm
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AMETEK expects Q1 sales to increase by a low double-digit percentage, with adjusted EPS projected at $1.56-$1.60, below the $1.61 estimate.
The positive outlook on sales growth indicates strong business performance, which could support the stock price. However, the slightly lower than expected EPS projection may temper investor enthusiasm, leading to a neutral short-term impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100