Dorman Products Sees FY24 Revenue Growth Of 3% - 5%; Adj EPS Of $5.40 - $5.70 Vs. $5.55 Est.
Portfolio Pulse from Benzinga Newsdesk
Dorman Products projects its FY24 revenue to grow by 3% to 5%, with adjusted EPS forecasted to be between $5.40 and $5.70, compared to the estimated $5.55.
May 07, 2024 | 11:03 am
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Dorman Products expects FY24 revenue growth of 3%-5% and adjusted EPS of $5.40-$5.70, against an estimated $5.55.
The projected revenue growth and adjusted EPS range provided by Dorman Products for FY24 suggest a positive outlook, potentially leading to an optimistic investor sentiment. The EPS forecast, being in line with or slightly above the current estimate, indicates confidence in the company's financial performance and growth prospects. This could result in a positive short-term impact on DORM's stock price as investors react to the growth projections and earnings potential.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100