Pentair Raised FY24 Adj. EPS Guidance To Approximately $4.27 (From $4.25) Vs. $4.25 Est., Reaffirms Guidance For Sales Of Roughly Flat To Down 1%
Portfolio Pulse from Benzinga Newsdesk
Pentair has raised its FY24 adjusted EPS guidance to approximately $4.27, up from $4.25, and reaffirmed its sales guidance to be roughly flat to down 1%. The company estimates a 14% increase in adjusted EPS compared to 2023.
October 22, 2024 | 10:57 am
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Pentair has increased its FY24 adjusted EPS guidance to $4.27, indicating a 14% rise from 2023, while maintaining its sales forecast to be flat to down 1%.
The increase in adjusted EPS guidance suggests improved profitability, which is positive for investors. The reaffirmation of sales guidance indicates stability in revenue expectations. Overall, this news is likely to have a positive short-term impact on Pentair's stock price.
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