Entegris Expects Q1 Sales Of $770M-$790M (Est $803.42M), Adj EPS Of $0.60-$0.65 (Est $0.64)
Portfolio Pulse from Benzinga Newsdesk
Entegris has provided its Q1 sales and earnings forecast, expecting sales between $770M-$790M, below the estimated $803.42M, and adjusted EPS of $0.60-$0.65, aligning with the estimated $0.64. The company also anticipates an Adjusted EBITDA margin of 26.5% to 27.5%.
February 13, 2024 | 9:52 pm
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Entegris forecasts lower-than-expected Q1 sales but aligns adjusted EPS with estimates. Adjusted EBITDA margin is expected to be robust.
The lower-than-expected sales forecast for Q1 could negatively impact investor sentiment and stock price in the short term. However, the alignment of adjusted EPS with estimates and a strong Adjusted EBITDA margin forecast may mitigate some negative impacts.
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