BorgWarner Maintains FY24 Sales Guidance Of $14.4B-$14.9B (Est $14.758B), Raises Adjusted EPS Outlook From $3.65-$4.00 To $3.80-$4.15 (Est $3.90)
Portfolio Pulse from Benzinga Newsdesk
BorgWarner has maintained its FY24 sales guidance at $14.4B-$14.9B, aligning with the estimated $14.758B. Additionally, the company has raised its adjusted EPS outlook from $3.65-$4.00 to $3.80-$4.15, slightly above the estimated $3.90.

May 02, 2024 | 10:38 am
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BorgWarner maintains FY24 sales guidance at $14.4B-$14.9B and raises adjusted EPS outlook from $3.65-$4.00 to $3.80-$4.15, slightly above the estimated $3.90.
Maintaining sales guidance indicates stability and confidence in the company's financial outlook, while raising the adjusted EPS outlook suggests improved profitability expectations. This positive adjustment in EPS, especially when it surpasses analyst estimates, is likely to be viewed favorably by investors, potentially leading to a short-term positive impact on BWA's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100