Crown Holdings Sees Q3 EPS $1.75-$1.85 Vs $1.79 Est.; Raises FY24 EPS From $5.80-$6.20 To $6.00-$6.25 Vs $5.97 Est.
Portfolio Pulse from Benzinga Newsdesk
Crown Holdings (CCK) has updated its financial outlook, projecting Q3 EPS between $1.75 and $1.85, compared to the previous estimate of $1.79. The company has also raised its FY24 EPS guidance to $6.00-$6.25 from $5.80-$6.20, surpassing the $5.97 estimate. Free cash flow for the year is expected to be at least $750 million.
July 22, 2024 | 8:19 pm
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Crown Holdings (CCK) has raised its FY24 EPS guidance to $6.00-$6.25, surpassing the $5.97 estimate. Q3 EPS is projected between $1.75 and $1.85, compared to the previous estimate of $1.79. Free cash flow for the year is expected to be at least $750 million.
The raised EPS guidance and strong free cash flow projection indicate positive financial performance, likely boosting investor confidence and driving the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100