APi Gr Q1 Sales Outlook $1.56B - $1.61B Vs. $1.66B Estimate, Adj. EBITDA $165M - $180M
Portfolio Pulse from Benzinga Newsdesk
APi Group has announced its Q1 2024 sales outlook, projecting net revenues of $1.56B to $1.61B, which is below the $1.66B estimate. The company also expects adjusted EBITDA to be between $165M and $180M.
February 28, 2024 | 12:36 pm
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NEGATIVE IMPACT
APi Group's Q1 2024 sales outlook is below market expectations, with projected revenues of $1.56B to $1.61B against a $1.66B estimate and adjusted EBITDA between $165M and $180M.
The projected revenues for APi Group in Q1 2024 are below the market estimates, which could lead to negative investor sentiment and potentially a decrease in stock price in the short term. The guidance indicates a potential slowdown or challenges that the company might be facing, which investors typically view unfavorably.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100