Eaton Raises 2024 Guidance: Now Expects Adj. EPS Of $10.75-$10.81 (Prior $10.65-$10.75) Vs $10.67 Est.
Portfolio Pulse from Benzinga Newsdesk
Eaton has raised its 2024 guidance, now expecting adjusted EPS of $10.75-$10.81, up from the previous $10.65-$10.75. The company also increased its segment margins and overall EPS expectations.
October 31, 2024 | 10:36 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Eaton has increased its 2024 guidance, raising adjusted EPS expectations to $10.75-$10.81, which is higher than previous estimates. This indicates a positive outlook for the company's financial performance.
Eaton's decision to raise its 2024 guidance, particularly the adjusted EPS, suggests improved financial performance and confidence in future earnings. This is likely to positively impact the stock price as it exceeds previous estimates and market expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100