Tempur Sealy Expects Pressure On Its Profits In Q1 With Adjusted EPS Likely At $0.45-$0.50 (Est $0.61) Then Returning To Y/Y Growth In Subsequent Quarters
Portfolio Pulse from Benzinga Newsdesk
Tempur Sealy anticipates a decline in its Q1 profits, with an adjusted EPS forecast of $0.45-$0.50, below the estimated $0.61. However, the company expects to return to year-over-year growth in the following quarters.
February 08, 2024 | 11:44 am
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Tempur Sealy expects lower Q1 profits with adjusted EPS of $0.45-$0.50, missing the $0.61 estimate, but anticipates Y/Y growth thereafter.
The lower than expected Q1 EPS forecast for Tempur Sealy indicates potential short-term financial pressure, likely leading to a negative investor reaction and a possible decrease in stock price. However, the company's expectation of returning to year-over-year growth in subsequent quarters may mitigate long-term concerns.
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