Moog Sees FY24 EPS $6.80, Net Sales $3.45B vs $3.43B Est.
Portfolio Pulse from Benzinga Newsdesk
Moog has projected its FY24 earnings per share (EPS) at $6.80 and net sales at $3.45 billion, slightly above the estimated $3.43 billion.
November 03, 2023 | 12:02 pm
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POSITIVE IMPACT
Moog's FY24 EPS and net sales projections are slightly above estimates, which could positively impact its stock price.
Companies that project earnings and sales above estimates typically see a positive reaction in their stock price as this indicates better-than-expected performance. Therefore, Moog's stock price is likely to increase in the short term.
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