Guess Expects Q1 Revenue To Increase 1.0%-2.0% In US Dollars, Adjusted EPS Of $(0.41)-$(0.37), Est $(0.02)
Portfolio Pulse from Benzinga Newsdesk
Guess forecasts a revenue increase of 1.0%-2.0% in US dollars for Q1, with an adjusted EPS ranging from $(0.41) to $(0.37), significantly below the estimated $(0.02).
March 20, 2024 | 8:24 pm
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Guess forecasts a significant drop in adjusted EPS for Q1, from an estimated $(0.02) to between $(0.41) and $(0.37), despite expecting a revenue increase.
The projected adjusted EPS is significantly lower than the estimated $(0.02), indicating potential financial challenges or underperformance. This discrepancy is likely to negatively impact investor sentiment and could lead to a decrease in stock price in the short term.
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