(News Bulletin 247) – The group recorded a profit from continuing operations of $1,273 million for the third quarter of 2022. Following this announcement, Jefferies confirms its advice to buy with a target of $360.
Q3 EPS of $3.10 is $0.16 above consensus and $0.17 above our estimate. EPS for the 4th quarter is estimated by the group between 2.80 and 2.90 dollars (consensus 2.93 dollars)’ indicates Jefferies.
‘Demand trends are mostly positive and price increases are outpacing costs. Sustainability trends and fixed contracts will allow EPS to remain intact regardless of the macro environment,” the analysts added.
For the full year 2022, the company expects adjusted diluted earnings per share to be between $11.93 and $12.03, up 12% to 13% from baseline. last year.
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