Sonoco Products Expects Adjusted EPS Of $1.05-$1.15 (Est $1.19) For Q1, $5.10-$5.40 (Est $5.34) For FY24
Portfolio Pulse from Benzinga Newsdesk
Sonoco Products has provided its earnings guidance for Q1 and FY24, expecting adjusted EPS to be $1.05-$1.15 for Q1, below the estimated $1.19, and $5.10-$5.40 for FY24, slightly below the estimated $5.34.
February 14, 2024 | 10:33 pm
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Sonoco Products expects its Q1 adjusted EPS to be lower than analyst estimates and its FY24 EPS to be slightly below expectations.
The company's guidance for both Q1 and FY24 adjusted EPS being below analyst estimates could lead to negative investor sentiment in the short term, potentially impacting the stock price negatively.
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