FMC Sees FY24 Adj. EPS $3.23-$4.41 Vs $3.78 Est.; Revenue $4.50B-$4.70B Vs $4.537B Est.
Portfolio Pulse from Benzinga Newsdesk
FMC Corporation projects its FY24 adjusted earnings per share (EPS) to be between $3.23 and $4.41, compared to the estimated $3.78. The company also forecasts revenue to be in the range of $4.50 billion to $4.70 billion, versus the estimated $4.537 billion.
May 06, 2024 | 8:32 pm
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FMC Corporation projects its FY24 adjusted EPS to be between $3.23 and $4.41, which is around the estimated $3.78, and anticipates revenues of $4.50 billion to $4.70 billion, slightly below to slightly above the estimated $4.537 billion.
FMC's projected EPS range encompasses the analyst estimate, suggesting a neutral to slightly positive outlook on profitability. The revenue forecast straddles the analyst estimate, indicating uncertainty but not a significant deviation from market expectations. This balanced outlook suggests a neutral short-term impact on FMC's stock price, as the guidance does not strongly deviate from expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100