Jerash Holdings Sees Revenue For FY24 Year Expected To Be Approximately The Same As FY23; Gross Margin Goal For The Full FY24 Year Is Expected To Be ~15-16%
Portfolio Pulse from Benzinga Newsdesk
Jerash Holdings (JRSH) expects its revenue for FY24 to be approximately the same as FY23. The company also sets its gross margin goal for FY24 at around 15-16%.
August 09, 2023 | 12:04 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Jerash Holdings expects FY24 revenue to be similar to FY23 and aims for a gross margin of 15-16%.
Jerash Holdings' announcement of its revenue and gross margin expectations for FY24 directly impacts its stock. However, as the projected revenue is similar to the previous year and the gross margin is within a typical range, the impact is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100