Rockwell Automation Cuts FY24 Adj. EPS From $12.00-$13.50 To $10.00-$11.00 Vs $11.93 Est.
Portfolio Pulse from Benzinga Newsdesk
Rockwell Automation has revised its FY24 adjusted EPS forecast downwards from the previous range of $12.00-$13.50 to a new range of $10.00-$11.00, which is below the analyst estimate of $11.93.
May 07, 2024 | 11:06 am
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Rockwell Automation has reduced its FY24 adjusted EPS guidance from $12.00-$13.50 to $10.00-$11.00, under the analyst consensus of $11.93.
The downward revision of the EPS forecast by Rockwell Automation is a significant negative signal to investors, indicating potential challenges ahead for the company. This adjustment is likely to lead to a negative short-term impact on the stock price, as it falls below the analyst expectations, which can erode investor confidence and lead to selling pressure.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100