NN Expects 2024 Revenue Of $485M-$510M (Est $493.319M), Adjusted EBITDA Of $47M-$55M
Portfolio Pulse from Benzinga Newsdesk
NN, Inc. forecasts its 2024 revenue to be in the range of $485M-$510M, aligning closely with the estimated $493.319M. The company also projects its adjusted EBITDA to be between $47M and $55M.
March 11, 2024 | 9:25 pm
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NN, Inc. (NNBR) expects 2024 revenue to be between $485M and $510M, which is in line with analysts' expectations. The company also anticipates its adjusted EBITDA to range from $47M to $55M.
The company's revenue forecast closely matches analyst expectations, indicating a positive outlook and potentially leading to increased investor confidence. The projected EBITDA range further supports the company's financial health and operational efficiency, likely contributing to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100