Albany International Sees FY24 EPS $3.55-$4.05 Vs $4.04 Est.; Revenue $1.26B-$1.33B Vs $1.287B Est.
Portfolio Pulse from Benzinga Newsdesk
Albany International projects its FY24 earnings per share (EPS) to be between $3.55 and $4.05, compared to the estimated $4.04. The company also forecasts revenue to range from $1.26 billion to $1.33 billion, against an estimate of $1.287 billion.
February 26, 2024 | 9:24 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Albany International projects FY24 EPS to be $3.55-$4.05, below the $4.04 estimate, with revenue forecasts of $1.26B-$1.33B, close to the $1.287B estimate.
The projected EPS range slightly below the analyst estimate may cause some investors concern, potentially leading to short-term price volatility. However, the revenue forecast being close to the estimate suggests a stable financial outlook, which might mitigate any negative impact on the stock price. The overall neutral score reflects these balancing factors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100