Teledyne FY24 Outlook: Updated Adj. EPS To $19.25-$19.45 (From $20.35 - $20.68) Vs. $20.56 Est.
Portfolio Pulse from Benzinga Newsdesk
Teledyne has revised its FY24 earnings outlook, lowering its adjusted EPS forecast to $19.25-$19.45 from the previously estimated range of $20.35-$20.68. This new forecast falls below the analyst consensus estimate of $20.56.
April 24, 2024 | 11:02 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Teledyne has lowered its FY24 adjusted EPS forecast to $19.25-$19.45, below the consensus estimate of $20.56.
The downward revision of Teledyne's FY24 earnings outlook suggests potential pressure on the stock price in the short term, as the new forecast is below the analyst consensus. This could lead to negative investor sentiment and a possible decrease in stock value.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100