Reynolds Consumer Products Reiterated FY24 Revenue of $3.53B-$3.64B Vs $3.60B Est, Adj EPS of $1.62-$1.701 (Prior $1.57-$1.65) Vs $1.62 Est
Portfolio Pulse from Benzinga Newsdesk
Reynolds Consumer Products has reiterated its FY24 revenue forecast of $3.53B-$3.64B, aligning with a $3.60B estimate, and adjusted its EPS outlook from $1.57-$1.65 to $1.62-$1.701, compared to a $1.62 estimate. The company also adjusted its net income forecast from $331-$347 million to $341-$357 million, while maintaining its projections for Adjusted EBITDA and Net Debt.
May 08, 2024 | 11:26 am
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Reynolds Consumer Products has updated its FY24 earnings outlook, raising its EPS and net income projections while maintaining revenue and debt forecasts.
The upward revision in EPS and net income forecasts by Reynolds Consumer Products indicates a positive outlook on profitability, likely leading to a favorable investor response in the short term. The maintenance of revenue and debt forecasts suggests stability and confidence in the company's financial planning and execution.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100