Tennant Expects 2024 Net Sales Of $1.27B-$1.295B (Est $1.292B), Adjusted EPS Of $6.05-$6.65 (Est $6.26)
Portfolio Pulse from Benzinga Newsdesk
Tennant Company projects its 2024 net sales to be between $1.27 billion and $1.295 billion, slightly below the estimated $1.292 billion. The company also forecasts its adjusted EPS to range from $6.05 to $6.65, with an estimate at $6.26.
February 22, 2024 | 2:00 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Tennant Company projects 2024 net sales and adjusted EPS that are close to analyst estimates, indicating stable financial expectations.
Tennant Company's 2024 financial projections are very close to analyst estimates, suggesting a stable outlook without significant surprises. The slight variance in net sales projections compared to estimates might not significantly impact investor sentiment, as the adjusted EPS range encompasses the estimated value. This indicates that the company's performance is in line with market expectations, which typically stabilizes stock prices in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100