The AZEK Company Sees Q3 Revenue $385M-$400M Vs $390.11M Est.; Raises FY24 Revenue Guidance To $1.407B-$1.438B Vs $1.42B Est.
Portfolio Pulse from Benzinga Newsdesk
The AZEK Company has updated its Q3 revenue forecast to $385M-$400M, compared to a $390.11M estimate, and raised its FY24 revenue guidance to $1.407B-$1.438B, against a $1.42B estimate. The company also increased its fiscal 2024 net sales and Adjusted EBITDA outlook, expecting net sales between $385M to $400M and Adjusted EBITDA between $103M to $110M for Q3.
May 08, 2024 | 9:14 pm
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AZEK has raised its Q3 revenue forecast and FY24 revenue guidance, indicating a positive outlook on its financial performance.
Raising revenue forecasts and guidance typically indicates a company's strong performance and positive future outlook, which can positively influence investor sentiment and potentially lead to an increase in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100