Donaldson Raises FY24 EPS Forecast From $3.24-$3.32 To $3.33-$3.39, Est. $3.27; Sales Now Projected To Increase 4%-6% YoY Vs. 3%-7% YoY Earlier
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Donaldson Company, Inc. (DCI) has raised its FY24 EPS forecast from $3.24-$3.32 to $3.33-$3.39, surpassing the estimated $3.27. The company also adjusted its sales growth projection to 4%-6% YoY from the previous 3%-7% YoY range.
June 04, 2024 | 10:06 am
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Donaldson Company, Inc. (DCI) has raised its FY24 EPS forecast to $3.33-$3.39, exceeding the estimated $3.27. The company also updated its sales growth projection to 4%-6% YoY.
The upward revision of the EPS forecast and the adjustment in sales growth projection indicate stronger financial performance than previously expected. This positive outlook is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100