Sealed Air Reiterates FY24 Revenues In The Range Of $5.2B-$5.6B Vs. $5.4B Estimate; Sees Adjusted EPS Of $2.65-$3.05 Vs. $2.84 Estimate
Portfolio Pulse from Benzinga Newsdesk
Sealed Air has reaffirmed its fiscal year 2024 revenue forecast to be between $5.2 billion and $5.6 billion, aligning with the analyst estimate of $5.4 billion. The company also provided an adjusted EPS guidance of $2.65 to $3.05, compared to the analyst estimate of $2.84.
May 02, 2024 | 11:23 am
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Sealed Air reiterates its FY24 revenue guidance of $5.2B-$5.6B, with an adjusted EPS projection of $2.65-$3.05, against an analyst estimate of $2.84.
Sealed Air's reaffirmation of its FY24 revenue and EPS guidance closely aligns with analyst estimates, indicating stability in the company's financial outlook. This alignment suggests a neutral impact on the stock price in the short term, as the market likely already anticipated these figures. The high relevance, importance, and confidence scores reflect the direct impact of this news on Sealed Air and the significance of earnings guidance in investor decision-making.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100