Emerson Electric Raises FY24 Adj. EPS Outlook To $5.40-$5.50 From $5.30-$5.45 Prior Vs. $5.39 Estimate
Portfolio Pulse from Benzinga Newsdesk
Emerson Electric has increased its adjusted earnings per share (EPS) forecast for fiscal year 2024 to a range of $5.40-$5.50, up from the previously projected range of $5.30-$5.45. This new forecast surpasses the analyst consensus estimate of $5.39.
May 08, 2024 | 11:01 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Emerson Electric has revised its FY24 adjusted EPS guidance upwards to $5.40-$5.50, exceeding the consensus estimate of $5.39.
Raising the EPS outlook above analyst expectations generally signals confidence in the company's future performance, potentially leading to positive investor sentiment and an increase in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100