Littelfuse Expects Q1 Net Sales Of $505M-$530M (Est. $541.01M), Adjusted EPS Of $1.65-$1.85 (Est. $2.14)
Portfolio Pulse from Benzinga Newsdesk
Littelfuse has provided guidance for Q1 net sales to be between $505M-$530M, which is below the estimated $541.01M. The company also forecasts adjusted EPS to range from $1.65-$1.85, falling short of the estimated $2.14.
January 30, 2024 | 10:09 pm
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NEGATIVE IMPACT
Littelfuse's projected Q1 net sales and adjusted EPS are below analysts' expectations, which could lead to a negative short-term impact on the stock price.
When a company's financial guidance falls short of analysts' estimates, it often results in a negative perception among investors, leading to a potential decrease in stock price. Littelfuse's lower-than-expected sales and earnings projections may disappoint investors, causing short-term bearish sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100