Elanco Forecasts Q3 Revenue Of $1.02B-$1.05B, With Adjusted EPS Of $0.09-$0.14 Compared To Consensus Of $1.079B And $0.18, Respectively
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Elanco forecasts Q3 2024 revenue between $1.02 billion and $1.05 billion, with adjusted EPS of $0.09 to $0.14, both below consensus estimates of $1.079 billion and $0.18, respectively. The company expects a $20 million headwind from foreign exchange rates and organic constant currency revenue growth of 1% to 3%.
August 08, 2024 | 10:35 am
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Elanco's Q3 2024 revenue and adjusted EPS forecasts are below consensus estimates, with expected revenue between $1.02 billion and $1.05 billion and adjusted EPS of $0.09 to $0.14. The company also anticipates a $20 million headwind from foreign exchange rates and organic constant currency revenue growth of 1% to 3%.
Elanco's revenue and adjusted EPS forecasts for Q3 2024 are below market expectations, which is likely to negatively impact the stock price in the short term. Additionally, the company faces a $20 million headwind from foreign exchange rates, further adding to the negative sentiment.
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IMPORTANCE 80
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