Amphenol Corp Expects Q3 Sales Of $3.70B-$3.80B Vs $3.38B Est, Adj EPS Of $0.43-$0.45 Vs $0.41 Est
Portfolio Pulse from Benzinga Newsdesk
Amphenol Corp expects Q3 2024 sales to be between $3.70B and $3.80B, significantly higher than the $3.38B estimate. Adjusted EPS is projected to be between $0.43 and $0.45, also above the $0.41 estimate. This represents a 16%-19% increase in sales and a 10%-15% increase in EPS compared to the prior year.
July 24, 2024 | 12:05 pm
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POSITIVE IMPACT
Amphenol Corp's Q3 2024 sales and adjusted EPS projections are significantly higher than estimates, indicating strong performance and potential stock price appreciation.
Amphenol Corp's guidance for Q3 2024 shows a significant increase in both sales and adjusted EPS compared to estimates and the prior year. This positive outlook is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100