Brunswick Corporation Sees Q124 Net Sales $1.3B-$1.4B Vs. $1.64B Est., Projects FY24 Adjusted Diluted EPS of $1.30-$1.40 Vs. $2.22 Est.
Portfolio Pulse from Benzinga Newsdesk
Brunswick Corporation projects Q1 2024 net sales to be between $1.3B-$1.4B, significantly lower than the estimated $1.64B. Additionally, the company forecasts its FY24 adjusted diluted EPS to be $1.30-$1.40, well below the estimated $2.22.
February 01, 2024 | 11:24 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Brunswick Corporation projects lower than expected Q1 2024 sales and FY24 EPS, indicating potential financial challenges.
The projected decrease in both quarterly sales and annual earnings per share (EPS) for Brunswick Corporation suggests potential underperformance compared to market expectations. This could lead to negative investor sentiment and a decrease in stock price in the short term. The significant gap between the company's projections and the analysts' estimates highlights the potential for financial challenges, which is critical information for investors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100