Myers Industries Maintains Its 2024 Outlook: Expects Sales Growth Of 15% - 20%, And Sees Adj. EPS of $1.30 - $1.45 Vs. $1.37 Est.
Portfolio Pulse from Benzinga Newsdesk
Myers Industries has reaffirmed its 2024 outlook, projecting sales growth of 15% to 20% and adjusted EPS in the range of $1.30 to $1.45, compared to the estimated $1.37.
May 07, 2024 | 10:48 am
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Myers Industries reaffirms its 2024 outlook with expected sales growth of 15%-20% and an adjusted EPS range of $1.30-$1.45, aligning closely with the $1.37 estimate.
The reaffirmation of Myers Industries' 2024 outlook, especially with sales growth and EPS estimates that align with or exceed current expectations, is likely to instill confidence among investors. This positive outlook, particularly when the company's projections are in line with or better than analyst estimates, typically leads to a bullish sentiment in the short term. The specific mention of sales growth and adjusted EPS figures provides concrete metrics for investors to gauge the company's future performance, further supporting a positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100