Allegion Expects FY24 Adjusted EPS Between $7.00-$7.15 Vs. $7.04 Estimate, Sees FY24 Revenue Growth Of 1.5%-3.5%
Portfolio Pulse from Benzinga Newsdesk
Allegion projects its FY24 adjusted EPS to be between $7.00 and $7.15, closely aligning with the $7.04 estimate. The company anticipates revenue growth of 1.5% to 3.5% and organic revenue growth of 1% to 3%. Available cash flow is expected to range from $540 to $570 million.
February 20, 2024 | 10:35 am
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Allegion expects its FY24 adjusted EPS to be between $7.00 and $7.15, aligning with the $7.04 estimate. Revenue growth is anticipated to be between 1.5% and 3.5%, with organic growth between 1% and 3%. Cash flow projections are between $540 and $570 million.
Allegion's guidance closely aligns with analyst estimates, indicating a positive outlook on its financial performance. The projected revenue growth and cash flow indicate a strong financial position, likely leading to a positive short-term impact on its stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100