Takeda 2024 Outlook: Expects Revenue Of ¥ 4.35T, And Core EPS Of ¥431
Portfolio Pulse from Benzinga Newsdesk
Takeda forecasts FY2024 revenue of ¥4.35 trillion and a core EPS of ¥431, indicating a flat to slightly declining core revenue and a mid-10s% decline in core EPS. The company also expects a reported operating profit of ¥225 billion, a core operating profit of ¥1 trillion (approximately 10% decline), and an adjusted free cash flow between ¥350 billion to ¥450 billion.
May 09, 2024 | 6:41 am
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Takeda projects a FY2024 revenue of ¥4.35 trillion and a core EPS of ¥431, indicating potential challenges with a flat to slightly declining core revenue and a significant decline in core EPS.
The forecasted flat to slightly declining core revenue and the expected mid-10s% decline in core EPS suggest potential short-term challenges for Takeda. These projections could lead to negative investor sentiment, impacting the stock price negatively in the short term.
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