Materion Updates FY24 Adjusted EPS Range From $5.60 - $6.20 To $5.60 - $5.90, Est $5.80
Portfolio Pulse from Benzinga Newsdesk
Materion has updated its FY24 adjusted EPS range from $5.60 - $6.20 to $5.60 - $5.90, with an estimated midpoint of $5.80. This represents a 2% increase from the prior year at the midpoint.
August 05, 2024 | 8:59 pm
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Materion has revised its FY24 adjusted EPS range to $5.60 - $5.90, down from the previous range of $5.60 - $6.20. The midpoint estimate is $5.80, representing a 2% increase from the prior year.
The downward revision of the top end of the EPS range suggests that Materion may be facing challenges that could impact its profitability. This could lead to a negative short-term reaction in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100