Flowserve Raises FY24 EPS From $2.50-$2.70 To $2.60-$2.75 Vs $2.65 Est.; Reaffirms FY24 Revenue Guidance Of 4%-6%
Portfolio Pulse from Benzinga Newsdesk
Flowserve has raised its FY24 EPS guidance from $2.50-$2.70 to $2.60-$2.75, compared to the $2.65 estimate. The company also reaffirmed its FY24 revenue guidance of 4%-6%.
July 29, 2024 | 9:12 pm
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Flowserve has increased its FY24 EPS guidance to $2.60-$2.75, surpassing the $2.65 estimate, and reaffirmed its FY24 revenue growth of 4%-6%.
The increase in EPS guidance and reaffirmation of revenue growth indicate strong financial performance and positive future prospects for Flowserve. This is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100