Trex Company Reaffirms FY24 Guidance For Revenues Of $1.215B-$1.235B, Est $1.242B
Portfolio Pulse from Benzinga Newsdesk
Trex Company has reaffirmed its FY24 revenue guidance, projecting revenues to be between $1.215 billion and $1.235 billion, which is slightly below the estimated $1.242 billion.
May 09, 2024 | 8:41 pm
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Trex Company reaffirms its FY24 revenue guidance, indicating a slight miss against the analyst estimate of $1.242 billion.
Reaffirming the FY24 revenue guidance slightly below analyst expectations could lead to a negative short-term sentiment among investors, potentially impacting the stock price negatively as it may be perceived as a lack of growth momentum or underperformance compared to market expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100