Sysco's Chief Financial Officer Kenny Cheung Says "We Remain Confident In Our Fiscal Year 2024 Guidance Of 5%-10% Adjusted EPS Growth To $4.20-$4.40" Vs $4.32 Est.
Portfolio Pulse from Benzinga Newsdesk
Sysco's CFO Kenny Cheung expressed confidence in achieving the company's fiscal year 2024 guidance for adjusted EPS growth of 5%-10%, targeting $4.20-$4.40, compared to the estimated $4.32.
April 30, 2024 | 12:03 pm
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Sysco's CFO reaffirmed the company's fiscal year 2024 earnings guidance, projecting a 5%-10% growth in adjusted EPS to $4.20-$4.40, against analysts' expectations of $4.32.
The reaffirmation of Sysco's earnings guidance by the CFO directly impacts investor confidence and could lead to positive sentiment in the short term. Given the specific EPS growth targets are in line with or slightly above analyst expectations, this news is likely to be viewed positively by the market. The high relevance score is due to the direct mention of Sysco and its financial outlook, while the importance score reflects the significance of earnings guidance on investor decisions. The confidence level is high due to the clear and direct statement from the company's CFO.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100