Holley Expects Q2 Net Sales Of $165M-$175M (Est $183.088M), Reiterates FY24 Outlook Of $640M-$680M (Est $661.559M)
Portfolio Pulse from Benzinga Newsdesk
Holley has projected its Q2 net sales to be between $165M-$175M, falling short of the estimated $183.088M. Despite this, the company has reaffirmed its full-year 2024 outlook, expecting net sales to range from $640M-$680M, aligning closely with the estimated $661.559M.
May 08, 2024 | 11:57 am
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Holley's Q2 sales projection is below market expectations, but the company maintains its FY24 revenue forecast.
The lower than expected Q2 sales projection could lead to short-term negative sentiment among investors, impacting HLLY's stock price negatively. However, the reaffirmation of the FY24 outlook might mitigate some of the negative impact over time.
CONFIDENCE 90
IMPORTANCE 90
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