Rogers Sees Q1 2024 Adj. EPS $0.45-$0.65 Vs $1.03 Est.; Revenue $205M-$215M Vs $229.40M Est.
Portfolio Pulse from Benzinga Newsdesk
Rogers Corporation projects its Q1 2024 adjusted EPS to be between $0.45 and $0.65, significantly lower than the estimated $1.03. The company also forecasts revenue to be in the range of $205M to $215M, which is below the expected $229.40M.
February 21, 2024 | 9:40 pm
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Rogers Corporation anticipates a lower Q1 2024 adjusted EPS of $0.45-$0.65 compared to the $1.03 estimate and expects revenue between $205M-$215M, missing the $229.40M forecast.
The projected decrease in both adjusted EPS and revenue for Q1 2024 compared to analyst estimates suggests a potential negative impact on Rogers Corporation's stock price in the short term. Investors often react to earnings misses by adjusting their expectations and potentially selling off shares, which can lead to a decrease in stock price.
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