Leggett & Platt Sees FY24 Adj. EPS $1.05-$1.35 Vs $1.360 Est.; Revenue $4.35B-$4.65B Vs $4.683B Est.
Portfolio Pulse from Benzinga Newsdesk
Leggett & Platt provided its financial outlook for FY24, projecting adjusted EPS in the range of $1.05-$1.35, which is below the estimated $1.360. The company also forecasts revenue between $4.35B-$4.65B, slightly under the estimated $4.683B.
February 08, 2024 | 9:17 pm
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NEGATIVE IMPACT
Leggett & Platt's FY24 financial outlook indicates adjusted EPS and revenue below analyst estimates, suggesting potential pressure on its stock price in the short term.
The company's projected earnings and revenue for FY24 are below the current analyst estimates, which can lead to negative investor sentiment and potentially lower the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100