PROG Holdings Raises FY24 Adj EPS Outlook From $2.70-$3.00 To $2.85-$3.10 (Est $2.86); Total Revenues Forecast From $2.235B-$2.335B To $2.285B-$2.36B, (Est $2.324B)
Portfolio Pulse from Benzinga Newsdesk
PROG Holdings has increased its FY24 adjusted EPS outlook from $2.70-$3.00 to $2.85-$3.10, surpassing the estimated $2.86. The company also raised its total revenue forecast from $2.235B-$2.335B to $2.285B-$2.36B, slightly above the estimated $2.324B.
April 24, 2024 | 11:44 am
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POSITIVE IMPACT
PROG Holdings has revised its FY24 earnings and revenue forecasts upwards, indicating a positive outlook for the company's financial performance.
The upward revision in both earnings and revenue forecasts for FY24 suggests that PROG Holdings is expecting stronger financial performance than previously anticipated. This positive outlook is likely to be well-received by investors, potentially leading to an increase in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100