nVent Electric Narrowed FY24 Adj. EPS Guidance To $3.23-$3.29 (From $3.22 to $3.30) Vs. $3.28 Est.
Portfolio Pulse from Benzinga Newsdesk
nVent Electric has narrowed its FY24 adjusted EPS guidance to a range of $3.23-$3.29, down from the previous range of $3.22-$3.30. The new guidance is slightly below the consensus estimate of $3.28.
August 06, 2024 | 10:45 am
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nVent Electric has adjusted its FY24 EPS guidance to $3.23-$3.29, slightly below the consensus estimate of $3.28. This could lead to minor short-term volatility in the stock price.
The narrowing of the EPS guidance range, especially when it is slightly below the consensus estimate, may cause minor short-term volatility in the stock price as investors adjust their expectations.
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