Jack In The Box FY24 EPS $6.25-$6.50 Vs $6.60 Est.
Portfolio Pulse from Benzinga Newsdesk
Jack In The Box has provided its FY24 earnings per share (EPS) guidance in the range of $6.25-$6.50, which is below the estimated $6.60.
November 21, 2023 | 9:10 pm
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NEGATIVE IMPACT
Jack In The Box's projected EPS for FY24 falls short of analyst expectations, which could lead to a negative short term impact on its stock price.
Earnings guidance that is lower than analyst estimates typically results in a negative perception of a company's future profitability and can lead to a decrease in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100