Embecta Q3 2024 Adj. EPS $0.74 May Not Be Comparable To $0.46 Estimate, Sales $272.500M Beat $267.435M Estimate
Portfolio Pulse from Benzinga Newsdesk
Embecta reported Q3 2024 adjusted EPS of $0.74, which may not be comparable to the $0.46 estimate. Sales were $272.5 million, beating the $267.435 million estimate.
August 09, 2024 | 10:32 am
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Embecta's Q3 2024 adjusted EPS of $0.74 may not be comparable to the $0.46 estimate, but sales of $272.5 million beat the $267.435 million estimate.
The significant beat in sales figures is a positive indicator for Embecta, suggesting strong performance. However, the adjusted EPS may not be directly comparable to estimates, which could cause some uncertainty. Overall, the sales beat is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100