3M Revises FY24 Adj EPS Guidance To $7.20-$7.30 From $7.00-$7.30 vs. $7.26 Est
Portfolio Pulse from Benzinga Newsdesk
3M has revised its fiscal year 2024 adjusted EPS guidance to a range of $7.20-$7.30, up from the previous range of $7.00-$7.30, aligning closely with the $7.26 estimate.
October 22, 2024 | 10:35 am
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3M has updated its FY24 adjusted EPS guidance to $7.20-$7.30, slightly raising the lower end of its previous range. This aligns closely with the market estimate of $7.26, indicating stable financial expectations.
The revision of the EPS guidance to a higher lower bound suggests a positive outlook for 3M's financial performance. This aligns with market expectations, which could lead to a positive short-term impact on the stock price as it reflects confidence in meeting or exceeding earnings targets.
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