DuPont de Nemours, Inc. (DD) recently released its financial outcomes for the third quarter and offered projections for the upcoming fourth quarter. The company also increased its forecast for adjusted earnings for the full year of 2024.
For the fourth quarter, DuPont anticipates adjusted earnings of approximately $0.98 per share, with expected net sales around $3.07 billion. This aligns with the consensus among analysts surveyed by Thomson Reuters, who predict earnings per share of $0.98 on net sales of $3.14 billion for the same period. It should be noted that these analyst estimates generally exclude any special items.
Looking forward to the fiscal year 2024, DuPont now expects adjusted earnings to reach about $3.90 per share, with projected net sales of approximately $12.365 billion. Comparatively, market analysts currently predict earnings of $3.77 per share, with annual revenues estimated at $12.44 billion.
This revised outlook marks an increase from the company's earlier expectations, which projected adjusted earnings ranging from $3.70 to $3.80 per share, and anticipated net sales between $12.40 billion and $12.50 billion.