Cabot Sees FY24 Adj. EPS $6.65-$6.85 Vs $7.59 Estimate
Portfolio Pulse from Benzinga Newsdesk
Cabot Corporation (CBT) projects its FY24 adjusted EPS to be in the range of $6.65-$6.85, which is below the analyst estimate of $7.59.
May 06, 2024 | 8:36 pm
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Cabot Corporation projects its FY24 adjusted EPS to be lower than analyst expectations, indicating potential challenges ahead.
The projection of lower-than-expected earnings for FY24 by Cabot Corporation suggests potential operational or market challenges that could negatively impact the company's stock price in the short term. This news directly affects investor sentiment and could lead to a decrease in stock price as it falls short of the analyst consensus.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100