O-I Glass Sees FY24 Adj. EPS $0.70-$0.80 Vs $1.13 Est.
Portfolio Pulse from Benzinga Newsdesk
O-I Glass has revised its fiscal year 2024 adjusted EPS guidance to a range of $0.70 to $0.80, which is significantly below the previous estimate of $1.13.
October 29, 2024 | 8:24 pm
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NEGATIVE IMPACT
O-I Glass has lowered its fiscal year 2024 adjusted EPS guidance to $0.70-$0.80, which is below the previous estimate of $1.13. This revision may impact investor sentiment and the stock price negatively in the short term.
The significant reduction in the EPS guidance from $1.13 to a range of $0.70-$0.80 suggests potential challenges or underperformance, which could lead to negative investor sentiment and a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100