PROG Holdings Expects FY24 Revenues Of $2.235B-$2.335B Vs. $2.31B Estimate; Projects Adjusted EPS Of $2.70-$3.00 Vs. $3.28 Estimate
Portfolio Pulse from Benzinga Newsdesk
PROG Holdings forecasts its FY24 revenues to be in the range of $2.235B-$2.335B, which is around the current estimate of $2.31B. However, its projected adjusted EPS of $2.70-$3.00 falls short of the estimated $3.28.
February 21, 2024 | 12:25 pm
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NEGATIVE IMPACT
PROG Holdings projects FY24 revenues to align with estimates but anticipates lower adjusted EPS than expected.
The projection of adjusted EPS being lower than the market estimate is likely to be viewed negatively by investors, potentially leading to a short-term decrease in stock price. The revenue forecast being in line with estimates provides some balance, but the EPS miss is a critical factor for short-term sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100