Hillenbrand Sees Q4 EPS $0.90-$1.00 Vs $1.08 Est.; Lowers FY24 EPS Guidance Range From $3.30-$3.50 To $3.20-$3.30 Vs $3.35 Est.; FY24 Revenue From $3.23B-$3.30B To $3.13B-$3.16B Vs $3.25B Est.
Portfolio Pulse from Benzinga Newsdesk
Hillenbrand has updated its Q4 and FY24 guidance, lowering EPS and revenue estimates due to reduced volumes from lower than expected orders. The company now expects Q4 EPS of $0.90-$1.00 vs. $1.08 estimated, and FY24 EPS of $3.20-$3.30 vs. $3.35 estimated. FY24 revenue is revised to $3.13B-$3.16B vs. $3.25B estimated.
August 07, 2024 | 9:04 pm
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Hillenbrand has lowered its Q4 and FY24 guidance, citing reduced volumes from lower than expected orders. The company now expects Q4 EPS of $0.90-$1.00 vs. $1.08 estimated, and FY24 EPS of $3.20-$3.30 vs. $3.35 estimated. FY24 revenue is revised to $3.13B-$3.16B vs. $3.25B estimated.
The lowered guidance for both Q4 and FY24 indicates that Hillenbrand is facing challenges in meeting its previous expectations, likely due to reduced volumes from lower than expected orders. This is likely to negatively impact investor sentiment and the stock price in the short term.
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