Generac Holdings Stock Slumps After Q2 Revenue Decline, Lagging Annual Outlook - Here's Why
Portfolio Pulse from Nabaparna Bhattacharya
Generac Holdings Inc. reported a Q2 sales decline of 23% YoY to $1.00 billion, missing the consensus of $985.02 billion. Adjusted EPS was $1.08, beating the analyst consensus of $1.16. The company anticipates its full-year 2023 net sales to decline 10 to 12% compared to the prior year. GNRC shares are trading lower by 17.2% at $126.96 premarket.
August 04, 2023 | 11:14 am
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Generac Holdings reported a Q2 sales decline and anticipates a decline in full-year 2023 net sales. The company's shares are trading lower premarket.
Generac Holdings reported a decline in Q2 sales and anticipates a decline in full-year 2023 net sales. This negative financial performance and outlook is likely to negatively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100