Sensient Technologies Reiterates FY24 Diluted Earnings Per Share Of $2.80-$2.90 Vs. $2.98 Estimate, Projects Revenue To Grow At Mid-Single-Digit Rate On Local Currency Basis
Portfolio Pulse from Benzinga Newsdesk
Sensient Technologies has reaffirmed its FY24 diluted earnings per share (EPS) guidance of $2.80-$2.90, which is below the analyst estimate of $2.98. The company also expects its revenue to grow at a mid-single-digit rate on a local currency basis.
April 26, 2024 | 11:02 am
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Sensient Technologies reaffirms its FY24 EPS guidance of $2.80-$2.90, below the expected $2.98, with mid-single-digit revenue growth.
The reaffirmation of Sensient Technologies' FY24 EPS guidance below analyst expectations could lead to negative investor sentiment in the short term, potentially impacting the stock price negatively. The projection of mid-single-digit revenue growth, while positive, may not be sufficient to offset the lower-than-expected EPS guidance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100