Guess? Sees Q4 Adj. EPS $1.53-$1.60 vs $1.68 Est., Net Revenue Up 4-6%
Portfolio Pulse from Benzinga Newsdesk
Guess? Inc. forecasts its Q4 adjusted EPS to be between $1.53 and $1.60, which is below the estimated $1.68. The company also expects net revenue to increase by 4-6%.
November 21, 2023 | 9:17 pm
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Guess? Inc. anticipates a lower Q4 adjusted EPS than analysts estimated, but expects a 4-6% increase in net revenue.
The projected adjusted EPS being lower than the estimated figure is likely to be viewed negatively by investors, potentially leading to a short-term decline in the stock price. However, the anticipated increase in net revenue may offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100