Woodward Revises FY24 Total Company Forecast From $3.25B-$3.35B To $3.25B-$3.30B (Est $3.31B); Adj EPS From $5.70-$6.00 To $5.80-$6.00 (Est $5.98)
Portfolio Pulse from Benzinga Newsdesk
Woodward Inc. has revised its FY24 total company forecast from $3.25B-$3.35B to $3.25B-$3.30B, slightly below the estimated $3.31B. The adjusted EPS forecast has been updated from $5.70-$6.00 to $5.80-$6.00, close to the estimated $5.98.
July 29, 2024 | 8:11 pm
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Woodward Inc. has revised its FY24 revenue forecast to $3.25B-$3.30B, slightly below the estimated $3.31B. The adjusted EPS forecast has been updated to $5.80-$6.00, close to the estimated $5.98.
The slight downward revision in revenue forecast may cause minor concern among investors, but the adjusted EPS forecast remains close to estimates, suggesting stable profitability. This mixed update is likely to have a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100