Enpro Revised Outlook For FY24 Revenue Growth To Approximately Flat (From Low To Mid-Single Digit Range Prior), Adj. EPS To $7.00-$7.60 (From $7.00-$7.80) Vs. $7.39 Est.
Portfolio Pulse from Benzinga Newsdesk
Enpro revised its FY24 revenue growth outlook to approximately flat from the previous low to mid-single digit range. The company also adjusted its EPS guidance to $7.00-$7.60 from $7.00-$7.80, compared to the $7.39 estimate.
August 06, 2024 | 10:39 am
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Enpro revised its FY24 revenue growth outlook to flat and adjusted its EPS guidance to $7.00-$7.60 from $7.00-$7.80, indicating a more conservative financial outlook.
The revision to a flat revenue growth outlook and a narrower EPS range suggests a more conservative financial outlook for Enpro. This could lead to a negative short-term impact on the stock price as investors may adjust their expectations.
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