Crown Holdings Sees Q4 EPS $1.45-$1.55 Vs $1.51 Est.; Raises FY24 EPS Guidance Range From $6.00-$6.25 To $6.25-$6.35 Vs $6.15 Est.
Portfolio Pulse from Benzinga Newsdesk
Crown Holdings has updated its financial guidance, raising its full-year 2024 EPS forecast to $6.25-$6.35 from $6.00-$6.25, surpassing the $6.15 estimate. Q4 EPS is projected at $1.45-$1.55, compared to the $1.51 estimate. The company expects adjusted free cash flow of at least $750 million after a $100 million pension contribution.
October 17, 2024 | 8:28 pm
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Crown Holdings has increased its full-year 2024 EPS guidance to $6.25-$6.35, exceeding the $6.15 estimate, and projects Q4 EPS at $1.45-$1.55, aligning with market expectations. The company maintains a strong cash flow outlook.
Crown Holdings' raised EPS guidance for FY24 and Q4 aligns with or exceeds market expectations, likely boosting investor confidence and positively impacting the stock price. The strong cash flow outlook further supports a positive sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100