Johnson Controls Q Adj. EPS Outlook $1.23-$1.26 Vs. $1.20 Estimate
Portfolio Pulse from Benzinga Newsdesk
Johnson Controls has updated its fiscal 2024 fourth quarter and full year guidance. The company expects Q4 adjusted EPS to be between $1.23 and $1.26, slightly above the $1.20 estimate. For the full year, Johnson Controls has tightened its adjusted EPS guidance to $3.66-$3.69, with organic sales growth of ~3% and an adjusted segment EBITA margin improvement of ~110 basis points.
July 31, 2024 | 11:01 am
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Johnson Controls has provided an updated fiscal 2024 guidance, with Q4 adjusted EPS expected to be between $1.23 and $1.26, slightly above the $1.20 estimate. The full year adjusted EPS guidance has been tightened to $3.66-$3.69, with organic sales growth of ~3% and an adjusted segment EBITA margin improvement of ~110 basis points.
The updated guidance indicates a positive outlook for Johnson Controls, with Q4 adjusted EPS slightly above estimates and a tightened full year EPS range. This suggests strong performance and could lead to a positive short-term impact on the stock price.
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