A.O. Smith Expects FY24 Net Sales Between $3.97B-$4.05B Vs. 3.99B Estimate; Projects FY24 Adjusted EPS Between $3.90-$4.15 Vs. $4.05 Estimate
Portfolio Pulse from Benzinga Newsdesk
A.O. Smith Corporation forecasts FY24 net sales to range from $3.97B to $4.05B, compared to the $3.99B estimate. The company also projects FY24 adjusted EPS to be between $3.90 and $4.15, versus the estimated $4.05.
January 30, 2024 | 12:03 pm
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NEUTRAL IMPACT
A.O. Smith anticipates FY24 net sales to surpass estimates slightly, but adjusted EPS may fall short of expectations, with the projected range's midpoint below the consensus estimate.
The sales forecast being slightly above the estimate may have a positive impact, but the lower midpoint of the EPS guidance compared to the estimate could signal caution to investors, potentially leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100