Holley Expects Q1 Net Sales of $150M-$160M Vs $178.89M Est, FY24 Net Sales of $640M-$680M Vs $681.01M Est
Portfolio Pulse from Benzinga Newsdesk
Holley has provided its financial outlook for Q1 and FY24, projecting net sales of $150M-$160M for Q1, below the $178.89M estimate, and $640M-$680M for FY24, slightly below the $681.01M estimate. The company also provided projections for adjusted EBITDA, capital expenditures, depreciation and amortization expense, interest expense, and bank-adjusted EBITDA leverage ratio.
February 28, 2024 | 12:41 pm
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NEGATIVE IMPACT
Holley projects lower-than-expected net sales for Q1 and FY24, with figures of $150M-$160M for Q1 and $640M-$680M for FY24, compared to estimates of $178.89M and $681.01M, respectively.
The projected net sales for both Q1 and FY24 are below analyst estimates, which could lead to negative investor sentiment and potentially lower stock prices in the short term. The significant relevance and importance of these projections to Holley's financial performance justify the high scores.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100