A.O. Smith Reaffirmed FY24 Net Sales Of $3.97B-$4.05B Vs. $4.015B Est.; Adjusted EPS Of $3.90-$4.15 Vs. $4.08 Est.
Portfolio Pulse from Benzinga Newsdesk
A.O. Smith has reaffirmed its fiscal year 2024 net sales forecast to be between $3.97 billion and $4.05 billion, compared to the estimated $4.015 billion. The company also maintained its adjusted earnings per share (EPS) guidance in the range of $3.90 to $4.15, versus the estimated $4.08.

April 25, 2024 | 10:59 am
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A.O. Smith reaffirms its FY24 net sales and adjusted EPS forecasts, aligning closely with analyst estimates.
A.O. Smith's reaffirmation of its FY24 financial guidance, which closely aligns with analyst estimates, suggests a stable outlook for the company. This stability in guidance, especially when it aligns with market expectations, typically does not lead to significant short-term stock price movements. Therefore, the impact on AOS's stock price is likely to be neutral in the short term, as the market has likely already priced in these expectations.
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