FMC Sees FY24 Revenue $4.3B-$4.5B Vs $4.43B Estimate; Sees Adj. EPS $3.02-$3.64 Vs $3.48 Estimate
Portfolio Pulse from Benzinga Newsdesk
FMC Corporation has provided its financial outlook for fiscal year 2024, projecting revenues between $4.3 billion and $4.5 billion, compared to the estimated $4.43 billion. The company also expects adjusted EPS to range from $3.02 to $3.64, against an estimate of $3.48.
July 31, 2024 | 8:32 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
FMC Corporation has provided its financial outlook for fiscal year 2024, projecting revenues between $4.3 billion and $4.5 billion, compared to the estimated $4.43 billion. The company also expects adjusted EPS to range from $3.02 to $3.64, against an estimate of $3.48.
FMC's revenue projection is in line with estimates, while the adjusted EPS range is slightly below the midpoint of the estimate. This mixed guidance may result in a neutral short-term impact on the stock price as investors weigh the revenue alignment against the EPS uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100