Brunswick Corporation Sees FY24 Net Sales $6B-$6.2B Vs. $6.34B Est., Projects FY24 Adjusted Diluted EPS $7-$8 Vs. $8.67 Est.
Portfolio Pulse from Benzinga Newsdesk
Brunswick Corporation projects its FY24 net sales to be between $6B-$6.2B, which is below the estimated $6.34B. Additionally, the company forecasts its FY24 adjusted diluted EPS to be in the range of $7-$8, also lower than the expected $8.67.
February 01, 2024 | 11:22 am
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Brunswick Corporation projects lower-than-expected FY24 net sales and adjusted EPS, indicating potential downward pressure on its stock price.
The company's projection of both net sales and adjusted EPS for FY24 being below analyst estimates suggests a potential underperformance compared to market expectations. This could lead to negative investor sentiment and downward pressure on the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100