ACCO Brands Sees Q3 FY24 Adj. EPS $0.21-$0.24 vs $0.28 Est., Sees FY24 Adj. EPS $1.04-$1.09 vs $1.04 Est.
Portfolio Pulse from Benzinga Newsdesk
ACCO Brands has provided its Q3 FY24 adjusted EPS guidance of $0.21-$0.24, which is below the estimated $0.28. For the full fiscal year 2024, the company expects adjusted EPS to be in the range of $1.04-$1.09, aligning with the estimated $1.04.
August 01, 2024 | 8:22 pm
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NEGATIVE IMPACT
ACCO Brands' Q3 FY24 adjusted EPS guidance of $0.21-$0.24 is below the estimated $0.28, which may negatively impact the stock in the short term. However, the full-year guidance aligns with estimates, providing some stability.
The lower-than-expected Q3 EPS guidance is likely to disappoint investors, leading to a short-term negative impact on the stock price. The alignment of full-year guidance with estimates may provide some support, but the immediate reaction is expected to be negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100