Patterson Companies Revises FY24 Adjusted EPS Guidance To $2.35-$2.45 Versus Prior Forecast Of $2.45-$2.55 And Consensus Of $2.50
Portfolio Pulse from Benzinga Newsdesk
Patterson Companies has revised its FY24 adjusted EPS guidance to $2.35-$2.45, down from the previous forecast of $2.45-$2.55. This new guidance is below the consensus estimate of $2.50.
November 29, 2023 | 12:05 pm
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Patterson Companies has lowered its FY24 adjusted EPS guidance, which is now below both its previous forecast and the consensus estimates.
The revision of the EPS guidance by Patterson Companies to a range below both its previous forecast and the consensus estimates is likely to be viewed negatively by investors. This could lead to a decrease in investor confidence and a potential short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100