Avantor's Conservative Guidance Is Realistic Post Q1 Earnings Performance: Analyst
Portfolio Pulse from Vandana Singh
Avantor Inc (NYSE:AVTR) reported a Q1 net sales decrease of 5.6% YoY to $1.68 billion, with an adjusted EPS of $0.22, surpassing consensus estimates. The company maintained its 2024 revenue guidance of $6.85 billion-$7.06 billion and adjusted EPS forecast of 96 cents to $1.04. Despite a decline in Laboratory Solutions and Bioscience Production sales, Avantor's guidance is deemed conservative and achievable by William Blair, who rates the stock as Market Perform. AVTR shares dropped 3.7% to $24.20.
April 26, 2024 | 2:51 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Avantor Inc reported a decrease in Q1 net sales and adjusted EPS, but surpassed consensus estimates. Maintains 2024 guidance, with shares dropping 3.7%.
The reported decrease in sales and the subsequent drop in share price indicate a negative short-term impact. However, surpassing EPS estimates and maintaining 2024 guidance could mitigate some negative perceptions, suggesting a conservative yet realistic outlook by the company.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100