AMETEK Reiterated FY24 Overall Sales To Be Up 5%-7% Vs $6.99B Est, Adjusted EPS Of $6.77-$6.82 (Prior $6.70-$6.80) Vs Est $6.76
Portfolio Pulse from Benzinga Newsdesk
AMETEK has reiterated its FY24 guidance, expecting overall sales to increase by 5%-7% and adjusted EPS to be between $6.77 and $6.82, up from previous estimates. The company also anticipates Q4 2024 sales to rise mid-single digits with adjusted earnings of $1.81 to $1.86.
October 31, 2024 | 10:59 am
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AMETEK has reiterated its FY24 guidance, expecting sales growth of 5%-7% and adjusted EPS of $6.77-$6.82, an increase from previous estimates. Q4 sales are expected to rise mid-single digits with EPS of $1.81-$1.86.
AMETEK's reaffirmation and slight increase in guidance for FY24 sales and EPS suggest positive business momentum. The raised EPS guidance indicates improved profitability expectations, likely boosting investor confidence and positively impacting the stock price in the short term.
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