nVent Estimates Q4 Reported Sales Growth Of 11%-13%, Projects Adjusted EPS Of $0.58-$0.60 Vs. $0.80 Estimate
Portfolio Pulse from Benzinga Newsdesk
nVent Electric plc has provided guidance for its Q4 financial performance, estimating reported sales growth of 11%-13% and projecting adjusted EPS between $0.58 and $0.60, which is below the $0.80 estimate.
November 01, 2024 | 10:49 am
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nVent Electric plc has issued guidance for Q4, expecting sales growth of 11%-13% but projecting adjusted EPS of $0.58-$0.60, which is below the market estimate of $0.80.
The guidance provided by nVent Electric indicates a positive sales growth but a lower than expected EPS, which is likely to negatively impact the stock price in the short term as the market reacts to the lower earnings projection.
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