Alcon Maintains FY2024 Adj EPS $3.00-3.10 vs $3.04 Est; Sees Sales $9.900B-10.100B vs $9.95B Est
Portfolio Pulse from Benzinga Newsdesk
Alcon (NYSE:ALC) projects its FY2024 adjusted EPS to be in the range of $3.00-3.10, aligning closely with the analyst estimate of $3.04. The company also forecasts sales to be between $9.900 billion and $10.100 billion, which brackets the analyst estimate of $9.95 billion.
May 13, 2024 | 8:55 pm
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POSITIVE IMPACT
Alcon's FY2024 guidance suggests confidence in its financial performance, closely aligning with analyst expectations. The provided ranges for both adjusted EPS and sales indicate a positive outlook, potentially reassuring investors.
Alcon's guidance for FY2024, which closely matches analyst estimates, suggests a positive outlook for the company's financial health. The alignment with analyst expectations often reassures investors, potentially leading to a positive short-term impact on the stock price. The specificity of the guidance ranges for both earnings and sales further indicates management's confidence in the company's performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100