Stanley Black & Decker Reiterates 2024 Guidance, Sees Adj. EPS $3.50-$4.50 vs $4.15 Est.
Portfolio Pulse from Benzinga Newsdesk
Stanley Black & Decker has reaffirmed its 2024 earnings guidance, projecting adjusted earnings per share (EPS) in the range of $3.50 to $4.50, compared to the analyst estimate of $4.15. This reiteration underscores the company's confidence in its financial outlook amidst market uncertainties.

May 02, 2024 | 10:03 am
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Stanley Black & Decker reiterates its 2024 adjusted EPS guidance of $3.50-$4.50, aligning closely with analyst expectations.
The reiteration of earnings guidance by Stanley Black & Decker suggests stability and confidence in their financial planning, which is likely to reassure investors. However, since the guidance range includes the analyst estimate, the immediate impact on the stock price might be neutral, reflecting a balance between optimism for meeting expectations and the broad range of the guidance.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90