Superior Group Of Companies Raises FY24 Sales Outlook From $558M-$568M To $563M-$570M (Est $562.151M), EPS From $0.61 - $0.68 To $0.73 - $0.79 (Est $0.64)
Portfolio Pulse from Benzinga Newsdesk
Superior Group of Companies (SGC) has increased its FY24 sales and EPS outlook. The new sales forecast is between $563M-$570M, up from the previous range of $558M-$568M, with estimates previously at $562.151M. The EPS forecast has also been raised from $0.61-$0.68 to $0.73-$0.79, surpassing the estimated $0.64.
May 07, 2024 | 10:06 pm
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POSITIVE IMPACT
Superior Group of Companies has raised its FY24 sales and EPS outlook, indicating stronger than expected financial performance.
Raising both sales and EPS forecasts suggests that Superior Group of Companies is experiencing stronger financial performance and operational efficiency than previously anticipated. This positive adjustment is likely to instill confidence among investors, potentially leading to a short-term uptick in stock price as market perceptions adjust to the new, more optimistic outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100