Entegris Expects Q2 Revenue of $790M-$810M Vs $813.39M Est, Adj EPS of $0.68-$0.73 Vs $0.73 Est
Portfolio Pulse from Benzinga Newsdesk
Entegris projects Q2 revenue to be between $790M-$810M, below the estimated $813.39M, with adjusted EPS of $0.68-$0.73, potentially missing the $0.73 estimate. The guidance suggests an 8.5% sequential sales increase, excluding divestitures, with GAAP net income expected between $64M-$71M. Adjusted EBITDA is forecasted to be around 28% of sales.
May 01, 2024 | 10:03 am
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Entegris expects Q2 revenue and adjusted EPS below analyst estimates, indicating a potential short-term negative impact on its stock price.
Entegris' projection of lower-than-expected Q2 revenue and adjusted EPS compared to analyst estimates could lead to negative investor sentiment in the short term. The guidance indicates a slower growth pace, which might disappoint investors looking for stronger performance signals.
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