Silgan Holdings Narrowed Its Estimate Of Adjusted EPS Of FY24 From A Range Of $3.55-$3.75 To A Range Of $3.55-$3.65 Vs. $3.64 Estimate; Sees Q4 Adjusted EPS Of $0.78-$0.88 Vs. $0.83 Estimate
Portfolio Pulse from Benzinga Newsdesk
Silgan Holdings has revised its FY24 adjusted EPS estimate to $3.55-$3.65, down from $3.55-$3.75, and projects Q4 adjusted EPS to be $0.78-$0.88.
October 30, 2024 | 11:02 am
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Silgan Holdings has adjusted its FY24 EPS guidance to a narrower range of $3.55-$3.65, slightly below the previous upper range, and anticipates Q4 EPS between $0.78 and $0.88.
The narrowing of the EPS range for FY24, particularly the reduction of the upper limit, suggests a more conservative outlook, which may lead to a negative short-term impact on the stock price. The Q4 EPS guidance is also slightly below the consensus estimate, reinforcing the potential for a negative reaction.
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