Commercial Vehicle Group Sees FY24 Revenue $915M-$1.015B Vs $968.909M Est.
Portfolio Pulse from Benzinga Newsdesk
Commercial Vehicle Group (CVGI) projects its FY24 revenue to be in the range of $915M-$1.015B, compared to the estimated $968.909M.

May 06, 2024 | 9:28 pm
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Commercial Vehicle Group projects FY24 revenue to range between $915M and $1.015B, which brackets the current analyst estimate of $968.909M.
The projected revenue range for CVGI encompasses the analyst estimate, indicating uncertainty about surpassing or falling short of expectations. This ambiguity leads to a neutral short-term impact on the stock price as the market digests the information and aligns it with existing forecasts.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90