ACCO Brands Sees Q1 2024 Adj. EPS $0.01-$0.04 Vs $0.08 Est.; Sales Down 6.5%-8.0%
Portfolio Pulse from Benzinga Newsdesk
ACCO Brands forecasts a significant decrease in its adjusted EPS for Q1 2024, projecting it to be between $0.01 and $0.04, compared to the estimated $0.08. Additionally, the company anticipates a sales decline of 6.5% to 8.0% for the same period.
February 22, 2024 | 9:47 pm
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ACCO Brands expects a lower adjusted EPS of $0.01-$0.04 for Q1 2024, below the $0.08 estimate, and forecasts a sales decrease of 6.5%-8.0%.
The projected decrease in both adjusted EPS and sales for ACCO Brands in Q1 2024 is likely to negatively impact investor sentiment and the stock price in the short term. The significant drop from the estimated EPS indicates potential challenges in profitability and revenue generation, which are critical factors for stock performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100