Ashland Expects Q2 Sales Of $565M-$585M (Est. $561.06M); FY24 Sales Of $2.15B-$2.25B (Est. $2.154B)
Portfolio Pulse from Benzinga Newsdesk
Ashland projects Q2 sales to be between $565M-$585M, surpassing the estimated $561.06M. For FY24, the company anticipates sales of $2.15B-$2.25B, which is in line with the estimated $2.154B.
January 30, 2024 | 10:26 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Ashland's Q2 sales forecast exceeds expectations, which could lead to a positive short-term impact on its stock price. FY24 sales guidance aligns with estimates, indicating steady performance.
The higher-than-expected Q2 sales forecast is likely to be viewed positively by investors, as it suggests the company is performing better than anticipated. This could lead to an increase in stock price in the short term. The FY24 sales guidance being in line with estimates suggests stability and may not significantly move the stock either way.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100