Edgewell Personal Care Raises FY2024 Adj EPS Guidance from $2.65-$2.85 to $2.80-$3.00 vs $2.78 Estimate
Portfolio Pulse from Benzinga Newsdesk
Edgewell Personal Care (EPC) has raised its FY2024 adjusted EPS guidance from $2.65-$2.85 to $2.80-$3.00, surpassing the $2.78 estimate. The adjustment accounts for various costs including restructuring, acquisition, Sun Care reformulation, a manufacturing plant fire, legal matters, and other costs, alongside an income tax effect. The company also provided an adjusted EBITDA outlook, projecting $348-$360 million, factoring in similar adjustments.
May 08, 2024 | 10:08 am
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Edgewell Personal Care raises its FY2024 adjusted EPS guidance, indicating a positive outlook on its financial performance and operational efficiency.
Raising the EPS guidance above market estimates generally indicates a company's confidence in its future profitability and operational efficiency. This positive adjustment reflects well on EPC's financial health and could lead to increased investor confidence, potentially driving up the stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100