Kellanova Reaffirms FY24 Adj. EPS Outlook $3.55-$3.65 Vs, $3.62 Estimate, Organic Revenue Growth +3%, Free Cash Flow $1B
Portfolio Pulse from Benzinga Newsdesk
Kellanova reaffirms its fiscal year 2024 adjusted earnings per share (EPS) outlook to be in the range of $3.55 to $3.65, aligning with the $3.62 estimate. The company also expects organic revenue growth of 3% and forecasts free cash flow to be around $1 billion.
February 08, 2024 | 1:10 pm
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Kellanova reaffirms its FY24 EPS outlook of $3.55-$3.65, in line with estimates, expects 3% organic revenue growth, and forecasts $1B in free cash flow.
Reaffirming its EPS outlook and projecting solid organic revenue growth and significant free cash flow are positive indicators for Kellanova's financial health and operational efficiency. This news is likely to instill confidence in investors, potentially leading to a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100