Schneider National Cuts FY24 Adj. EPS From $1.15-$1.30 To $0.85-$1.00 Vs $1.00 Est.
Portfolio Pulse from Benzinga Newsdesk
Schneider National has revised its FY24 adjusted EPS forecast downwards from the previous range of $1.15-$1.30 to a new range of $0.85-$1.00, compared to the market estimate of $1.00.
May 02, 2024 | 1:04 pm
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Schneider National has lowered its FY24 adjusted EPS guidance, indicating potential challenges ahead or recalibrated expectations.
The downward revision of Schneider National's FY24 adjusted EPS forecast suggests the company may be anticipating lower profitability or facing operational challenges. This adjustment, especially when it aligns with market estimates, can lead to negative investor sentiment and potentially decrease the stock price in the short term.
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