Dana Incorporated Reaffirmed FY24 Sales Guidance At $10.65B-$11.15B Vs Estimate: $10.90B
Portfolio Pulse from Benzinga Newsdesk
Dana Incorporated has reaffirmed its FY24 sales guidance to be between $10.65B and $11.15B, closely aligning with the estimated $10.90B. The company also expects its FY24 diluted EPS to range from $0.35 to $0.85, with an adjusted EBITDA between $875M and $975M, indicating an implied adjusted EBITDA margin of approximately 8.5% at the midpoint of the range.
April 30, 2024 | 11:11 am
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Dana Incorporated reaffirms its FY24 sales guidance, aligning with market estimates and projects an EPS of $0.35-$0.85 with adjusted EBITDA of $875M-$975M.
Dana Incorporated's reaffirmation of its FY24 sales guidance and financial projections closely aligns with market expectations, which could instill confidence among investors and potentially lead to a positive short-term impact on its stock price. The detailed financial projections, including EPS and adjusted EBITDA, provide a clear financial outlook, supporting the potential for stock price appreciation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100