Sensient Technologies Lowered FY24 Diluted EPS Guidance To $2.77-$2.87 (From $2.80-$2.90 Earlier), Revised Revenue To Grow At Mid-To High Single-Digit Growth (Vs. Mid-Single-Digit Prior) Rate On Local Currency Basis
Portfolio Pulse from Benzinga Newsdesk
Sensient Technologies has lowered its FY24 diluted EPS guidance to $2.77-$2.87 from the previous $2.80-$2.90. The company has also revised its revenue growth forecast to mid-to-high single-digit growth from the prior mid-single-digit growth on a local currency basis.
July 26, 2024 | 11:02 am
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Sensient Technologies has adjusted its FY24 diluted EPS guidance downward to $2.77-$2.87 from $2.80-$2.90. However, the company has revised its revenue growth forecast upward to mid-to-high single-digit growth from the previous mid-single-digit growth on a local currency basis.
The downward revision in EPS guidance may negatively impact investor sentiment, but the upward revision in revenue growth forecast could offset some of the negative impact. Overall, the news is mixed, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100