Jack in the Box Slashes The Upper End Of FY24 EPS Outlook From $6.25-$6.50 To $6.25-$6.40 Vs. $6.33 Est.
Portfolio Pulse from Benzinga Newsdesk
Jack in the Box has revised its FY24 EPS forecast, reducing the upper end from $6.25-$6.50 to $6.25-$6.40, compared to the market estimate of $6.33.
May 14, 2024 | 1:06 pm
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NEUTRAL IMPACT
Jack in the Box's revision of its FY24 EPS outlook could lead to mixed reactions in the market, potentially affecting investor sentiment.
The adjustment in the EPS outlook, especially when the new range's upper limit is below the previous estimate but still encompasses the market estimate, suggests a cautious but not necessarily negative outlook. This could lead to a neutral short-term impact on the stock as investors digest the implications of the revised forecast in the context of broader market conditions and company performance.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90