Sonoco Sees Q3 Adj. EPS $1.40-$1.60 vs $1.43 Est., FY24 Adj. EPS $5.00-$5.30 vs $5.08 Est.
Portfolio Pulse from Benzinga Newsdesk
Sonoco has provided its Q3 adjusted EPS guidance in the range of $1.40 to $1.60, compared to the estimated $1.43. For FY24, the company expects adjusted EPS to be between $5.00 and $5.30, against the estimated $5.08.
July 31, 2024 | 8:39 pm
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POSITIVE IMPACT
Sonoco's Q3 adjusted EPS guidance of $1.40-$1.60 is above the estimated $1.43, and its FY24 adjusted EPS guidance of $5.00-$5.30 is also above the estimated $5.08. This positive guidance is likely to boost investor confidence and could lead to a short-term increase in the stock price.
The company's guidance for both Q3 and FY24 adjusted EPS is higher than the market estimates. This positive outlook is likely to be well-received by investors, potentially leading to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100