Leslie's Sees FY24 Adj. EPS $0.25-$0.33 Vs $0.50 Est.; Revenue $1.410B-$1.470B Vs $1.5B Est.
Portfolio Pulse from Benzinga Newsdesk
Leslie's Inc. forecasts its FY24 adjusted EPS to be between $0.25 and $0.33, which is below the estimated $0.5. The company also projects revenue to be between $1.410 billion and $1.470 billion, falling short of the estimated $1.5 billion.
November 28, 2023 | 9:15 pm
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NEGATIVE IMPACT
Leslie's Inc. has provided a FY24 earnings and revenue forecast that is below analysts' estimates, which could lead to negative investor sentiment and a potential decrease in stock price in the short term.
The company's forecasted earnings per share (EPS) and revenue for FY24 are both below the estimates provided by analysts. This kind of negative guidance often results in bearish investor sentiment and can lead to a decline in the stock price as market expectations adjust to the new information.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100