Atkore Sees FY24 Net Sales $3.50B - $3.65B Vs. $3.61B Est., Adj. EPS $16.00-$17.00 Vs. $16.47 Est.
Portfolio Pulse from Benzinga Newsdesk
Atkore provided financial guidance for FY24, projecting net sales to range between $3.50B and $3.65B, compared to the estimated $3.61B. The company also forecasts adjusted EPS to be between $16.00 and $17.00, versus the estimated $16.47.
November 17, 2023 | 11:07 am
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Atkore anticipates FY24 net sales to be between $3.50B and $3.65B, which encompasses the analyst estimate of $3.61B. Adjusted EPS is expected to be $16.00-$17.00, bracketing the $16.47 estimate.
Atkore's guidance for FY24 shows net sales and adjusted EPS figures that are in line with analyst expectations, suggesting a neutral to slightly positive outlook. The guidance range captures the analyst estimates, which may not lead to significant stock price movement as the market may have already priced in these expectations. However, the guidance does reflect management's confidence in the company's ability to meet or slightly exceed market expectations, which could be viewed positively by investors.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100