MasterBrand Reiterates FY24 Expectations; Net Sales Y/Y Decline Of Low Single-Digit Percentage To Flat, Adjusted EPS Of $1.40 - $1.60, Est $1.45
Portfolio Pulse from Benzinga Newsdesk
MasterBrand has reiterated its fiscal year 2024 expectations, forecasting a year-over-year net sales decline of a low single-digit percentage to flat, with an adjusted EPS range of $1.40 to $1.60, aligning with an estimated $1.45.
May 07, 2024 | 9:22 pm
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MasterBrand reiterates FY24 expectations with a slight decline to flat net sales Y/Y and an adjusted EPS of $1.40-$1.60, estimated at $1.45.
MasterBrand's reiteration of its FY24 expectations suggests stability in its business outlook, despite a slight anticipated decline in net sales. The adjusted EPS range provided is in line with estimates, indicating no significant surprises for investors. This stability and alignment with expectations are likely to have a neutral impact on the stock price in the short term, as the market has likely already adjusted to these forecasts.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100