Fox Factory Holding Corp. Sees Q4 Net Sales $300M-$340M vs $454.66M Est., Adj. EPS $0.75-$1.00 vs $1.43 Est.
Portfolio Pulse from Benzinga Newsdesk
Fox Factory Holding Corp. has projected its Q4 net sales to be between $300M-$340M, which is significantly lower than the estimated $454.66M. The company also expects its adjusted EPS to be between $0.75-$1.00, lower than the estimated $1.43.
November 02, 2023 | 9:17 pm
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NEGATIVE IMPACT
Fox Factory's lower than expected Q4 net sales and adjusted EPS projections may negatively impact its stock price.
Fox Factory's projected Q4 net sales and adjusted EPS are significantly lower than the estimates. This could lead to a negative sentiment among investors, potentially causing a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100