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What to Expect From DuPont de Nemours' Q3 2024 Earnings ReportWilmington, Delaware-based DuPont de Nemours, Inc. (DD) is a specialty chemical company providing technology-based materials, ingredients, and solutions. With a market cap of $35.5 billion, its operations span the Americas, Indo-Pacific, Europe, and America. It is expected to announce its Q3 earnings before the market opens on Tuesday, Nov. 5. Ahead of the event, analysts expect DuPont to report a profit of $1.03 per share, up nearly 12% from $0.92 per share reported in the year-ago quarter. Moreover, the company has surpassed Wall Street’s adjusted EPS projections in each of the past four quarters. DD reported adjusted EPS of $0.97 in the last reported quarter, exceeding the consensus estimates by 14.1%. For fiscal 2024, analysts expect DuPont to report an adjusted EPS of $3.76, up 8.1% from $3.48 in fiscal 2023. In fiscal 2025, its adjusted EPS is expected to grow 17% year-over-year to $4.40.
Moreover, the company reported an 8.1% growth in operating EBITDA to $798 million, driven by operating EBITDA margin expansion of 130 basis points to 25.2%. Observing the year’s first-half performance DuPont raised its full-year guidance for net sales, operating EBITDA, and adjusted EPS, bolstering investor confidence. The consensus opinion on DD stock is moderately bullish, with an overall “Moderate Buy” rating. Out of the 16 analysts covering the stock, nine recommend “Strong Buy,” one advises “Moderate Buy,” four suggest “Hold,” one advocate “Moderate Sell,” and one has a “Strong Sell” rating. As of writing, DD is trading below the mean price target of $97.15.
On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. |
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