John Bean Techs Affirms FY2024 Adj EPS Guidance from $5.05-5.35 to $5.05-5.35 vs $5.16 Est; Affirms FY2024 Sales Guidance from $1.72B-1.75B to $1.72B-1.75B vs $1.73B Est
Portfolio Pulse from Benzinga Newsdesk
John Bean Technologies (NYSE:JBT) has reaffirmed its FY2024 adjusted EPS guidance at $5.05-5.35, aligning with analyst estimates of $5.16. The company also maintained its FY2024 sales guidance at $1.72B-1.75B, matching the $1.73B analyst estimate.
October 22, 2024 | 8:18 pm
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NEUTRAL IMPACT
John Bean Technologies reaffirmed its FY2024 EPS and sales guidance, aligning closely with analyst estimates. This suggests stability in the company's financial outlook.
The reaffirmation of guidance suggests that JBT's financial performance is on track with expectations, which is neutral for the stock price as it aligns with what analysts anticipated. The lack of change in guidance indicates stability rather than growth or decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100