Ingersoll Rand Maintains FY24 Organic Revenue Growth Guidance Range Of 2% To 4%; Raises Adjusted EPS Guidance From
$3.14-$3.24 To $3.20-$3.30, Est $3.21
Portfolio Pulse from Benzinga Newsdesk
Ingersoll Rand has maintained its FY24 organic revenue growth guidance at 2% to 4% and raised its adjusted EPS guidance from $3.14-$3.24 to $3.20-$3.30, slightly above the estimated $3.21.
May 02, 2024 | 8:42 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Ingersoll Rand has updated its FY24 guidance, maintaining organic revenue growth expectations and raising its adjusted EPS forecast.
Raising the EPS guidance above market estimates generally signals confidence in the company's profitability and operational efficiency, likely leading to a positive short-term impact on the stock price. The maintenance of the revenue growth guidance indicates stability and continued growth expectations, reinforcing the positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100