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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NEGATIVE IMPACT
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
RELEVANCE 100