Helios Technologies Affirms FY24 Outlook For Total Net Sales Of $840M-$860M (Est $845.448M), Adj EPS Of $2.35 -$2.75 (Est 2.44)
Portfolio Pulse from Benzinga Newsdesk
Helios Technologies has confirmed its fiscal year 2024 outlook, projecting total net sales to be between $840 million and $860 million, with an estimated consensus of $845.448 million. The company also expects its adjusted earnings per share (EPS) to range from $2.35 to $2.75, closely aligning with the estimated average of $2.44.

May 08, 2024 | 10:02 pm
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Helios Technologies has reaffirmed its FY24 financial guidance, expecting net sales of $840M-$860M and an adjusted EPS of $2.35-$2.75.
Reaffirming financial guidance, especially when it aligns closely with analyst estimates, tends to be viewed positively by the market. It suggests management's confidence in the company's future performance and stability in its operations. Given that the projected figures are in line with expectations, this could lead to a positive short-term sentiment among investors, potentially driving up the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100