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
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
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.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100