Avantor Reiterated FY24 Revenue of $6.85B-$7.06B Vs $6.96B Est, Adj EPS of $0.96-$1.04 Vs $1.01 Est
Portfolio Pulse from Benzinga Newsdesk
Avantor reiterated its FY24 revenue forecast to be between $6.85B and $7.06B, closely aligning with the estimated $6.96B. The company also expects its adjusted EPS to range from $0.96 to $1.04, which is in line with the estimated $1.01.
April 26, 2024 | 10:15 am
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POSITIVE IMPACT
Avantor reaffirms its FY24 revenue and adjusted EPS forecasts, indicating stability and confidence in meeting market expectations.
By reiterating its FY24 revenue and EPS forecasts, Avantor demonstrates confidence in its financial health and operational stability. This reaffirmation is likely to instill confidence among investors, potentially leading to a positive short-term impact on its stock price. The forecasts closely match analyst estimates, suggesting that Avantor is on track to meet market expectations, which is typically viewed favorably by the investment community.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100