Atkore 2024 Outlook, Lowered: Now Expects Adjusted EPS Of $16.00-$17.00 (Prior $16.50-$17.50); Est. $16.93; Sees Adjusted EBITDA of $850M to $900M
Portfolio Pulse from Benzinga Newsdesk
Atkore has revised its fiscal year 2024 outlook, lowering its adjusted EPS forecast to $16.00-$17.00 from the previous $16.50-$17.50, and adjusted its EBITDA estimate to $850M-$900M.
May 07, 2024 | 10:06 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Atkore lowers its FY2024 adjusted EPS to $16.00-$17.00 and adjusted EBITDA to $850M-$900M, indicating a downward revision from its previous forecast.
The downward revision in Atkore's fiscal year 2024 earnings and EBITDA forecasts suggests potential challenges ahead, possibly due to operational or market factors. This revision is likely to negatively impact investor sentiment in the short term, as adjustments to earnings forecasts often do, leading to a potential decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100