Avient Corporation Narrowed FY24 Adjusted EPS Outlook To $2.63-$2.67 (From $2.55-$2.70) Vs. $2.64 Estimate, Adjusted EBITDA To $525M-$530M (From $515M-$540M Prior)
Portfolio Pulse from Benzinga Newsdesk
Avient Corporation has revised its FY24 adjusted EPS outlook to a range of $2.63-$2.67, compared to the previous range of $2.55-$2.70, aligning closely with the $2.64 estimate. The adjusted EBITDA guidance has also been narrowed to $525M-$530M from the prior $515M-$540M.
October 31, 2024 | 10:20 am
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Avient Corporation has narrowed its FY24 adjusted EPS and EBITDA guidance, aligning closely with market estimates. This suggests a stable financial outlook.
The narrowing of the EPS and EBITDA guidance suggests that Avient Corporation has a clearer view of its financial performance, which aligns closely with market expectations. This indicates stability and reduces uncertainty, likely resulting in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100