Altria Sees FY24 Adj. EPS $5.05-$5.17 Vs $5.30 Estimate
Portfolio Pulse from Benzinga Newsdesk
Altria has projected its FY24 adjusted earnings per share (EPS) to be in the range of $5.05-$5.17, which is below the analyst estimate of $5.30. This forecast suggests a potential downward pressure on the company's stock price in the short term as it falls short of market expectations.
April 25, 2024 | 11:02 am
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Altria's FY24 EPS forecast of $5.05-$5.17 is below the expected $5.30, indicating potential short-term negative impact on its stock.
Earnings forecasts are critical indicators of a company's financial health and future performance. Altria's lower-than-expected EPS forecast could lead to investor concern over its growth prospects, potentially resulting in a decrease in stock price as the market adjusts to the new information.
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