DuPont Raises FY24 Outlook: Revenue $12.10B - $12.40B (Up From $11.90B - $12.30B Prior) Vs. $12.10B Estimate, Adj. EPS $3.45 - $3.75 (Up From $3.25 - $3.65 Prior) Vs. $3.46 Estimate
Portfolio Pulse from Benzinga Newsdesk
DuPont has increased its FY24 financial outlook, now expecting higher revenue and adjusted EPS than previously forecasted. The new revenue range is $12.10B to $12.40B, up from the prior $11.90B to $12.30B, aligning with a $12.10B estimate. Adjusted EPS is now anticipated to be between $3.45 and $3.75, an increase from the earlier range of $3.25 to $3.65, versus a $3.46 estimate. CFO Lori Koch highlighted the updated guidance reflects expected improvements in net sales, operating EBITDA, and adjusted EPS, with mid-point estimates now at $12.25 billion for net sales and $3.60 per share for adjusted EPS.
May 01, 2024 | 10:05 am
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DuPont has raised its FY24 revenue and adjusted EPS forecasts, indicating a positive outlook on its financial performance. The company now expects revenue between $12.10B and $12.40B, and adjusted EPS between $3.45 and $3.75, both exceeding prior forecasts.
The upward revision in DuPont's FY24 financial outlook, particularly in revenue and adjusted EPS, suggests a robust financial performance and operational efficiency. This positive adjustment is likely to instill investor confidence, potentially leading to a short-term uptick in DuPont's stock price. The specific mention of improved net sales, operating EBITDA, and adjusted EPS directly impacts investor perception and could lead to increased demand for DD shares.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100