BowFlex Sees FY24 Revenue $215M-$240M Vs $278.87M Est.
Portfolio Pulse from Benzinga Newsdesk
BowFlex forecasts its FY24 revenue to be between $215M-$240M, which is below the estimated $278.87M by analysts.
November 14, 2023 | 9:54 pm
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NEGATIVE IMPACT
BowFlex's projected FY24 revenue is significantly lower than analyst estimates, which could lead to a negative market reaction and potential decline in stock price.
Revenue projections that fall short of analyst expectations typically result in negative sentiment among investors, leading to a potential decrease in stock price. Given that BowFlex's forecast is substantially lower than the estimate, this could be seen as a bearish signal for the stock in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100