ESCO Sees Q3 Adj. EPS $1.16-$1.22 vs $1.26 Est.
Portfolio Pulse from Benzinga Newsdesk
ESCO Technologies Inc. (ESE) provided guidance for its Q3 adjusted earnings per share (EPS) to be in the range of $1.16 to $1.22, which is below the estimated $1.26.
May 09, 2024 | 8:19 pm
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ESCO Technologies Inc. expects its Q3 adjusted EPS to fall short of analyst estimates, projecting $1.16 to $1.22 versus the expected $1.26.
The projected earnings miss can lead to negative investor sentiment and potentially lower stock prices in the short term as it indicates a performance below market expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100