Timken Co Expects FY24 Adj. EPS of $5.80-$6.20 Vs. $6.79 Est., Revenue Decline of 2.5% to 4.5% YoY Vs. $4.7B Est.
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Timken Co forecasts a decrease in FY24 adjusted EPS to $5.80-$6.20 compared to an estimated $6.79, and anticipates a revenue decline of 2.5% to 4.5% year-over-year, against an estimated $4.7 billion.
February 05, 2024 | 11:55 am
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Timken Co expects a lower FY24 adjusted EPS of $5.80-$6.20 compared to the estimated $6.79 and forecasts a revenue decline of 2.5% to 4.5% YoY, versus an expected $4.7 billion.
The projected decrease in both adjusted EPS and revenue for FY24 by Timken Co is likely to negatively impact investor sentiment and the stock price in the short term. The lower-than-expected financial guidance compared to analyst estimates suggests potential challenges ahead for the company, which could lead to a decrease in stock price as investors adjust their expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100