Parker Hannifin Sees FY25 Adj. EPS $26.30-$27.00 Vs $24.840 Est.
Portfolio Pulse from Benzinga Newsdesk
Parker Hannifin has raised its FY25 adjusted EPS guidance to a range of $26.30-$27.00, surpassing the previous estimate of $24.840.
August 08, 2024 | 11:32 am
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POSITIVE IMPACT
Parker Hannifin has increased its FY25 adjusted EPS guidance to $26.30-$27.00, which is higher than the previous estimate of $24.840. This positive revision indicates strong financial performance and could boost investor confidence.
The upward revision of the EPS guidance suggests that Parker Hannifin is performing better than expected, which is likely to positively impact the stock price in the short term as investors react to the improved financial outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100