Aptiv Sees FY24 Adj. EPS $5.80-$6.30 vs $5.75 Est., Net Sales $20.85B-$21.45B vs $21.58B Est.
Portfolio Pulse from Benzinga Newsdesk
Aptiv projects its FY24 adjusted EPS to be between $5.80 and $6.30, surpassing the estimated $5.75. However, its forecasted net sales of $20.85B to $21.45B fall short of the expected $21.58B.
May 02, 2024 | 10:47 am
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NEUTRAL IMPACT
Aptiv's FY24 EPS forecast exceeds expectations, but its net sales projection is below estimates.
The positive EPS forecast could boost investor confidence and potentially increase the stock price. However, the lower-than-expected sales forecast could temper gains, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100