Fox Factory Holdings Sees FY24 Revenue $1.53B-$1.61B Vs $1.7B Estimate
Portfolio Pulse from Benzinga Newsdesk
Fox Factory Holdings projects its FY24 revenue to be between $1.53B and $1.61B, which is below the estimated $1.7B.
May 02, 2024 | 8:14 pm
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Fox Factory Holdings projects lower-than-expected FY24 revenue, forecasting between $1.53B and $1.61B versus the $1.7B estimate.
The projected revenue miss for FY24 suggests that Fox Factory Holdings may face challenges that could impact its stock price negatively in the short term. Investors often react unfavorably to revenue projections that fall short of expectations, which can lead to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100