Amer Sports Sees FY24 Fully Diluted EPS Toward High End Of Previous Guidance Of $0.30 To $0.40 (Est. $0.41), Including $0.03 - $0.04 Negative Impact From Non-recurring Finance Costs In 1Q24
Portfolio Pulse from Benzinga Newsdesk
Amer Sports has updated its FY24 guidance, projecting fully diluted EPS towards the high end of $0.30 to $0.40, despite a $0.03-$0.04 negative impact from non-recurring finance costs in 1Q24. The company expects mid-teens revenue growth, a gross margin of approximately 54%, and an operating margin between 10.5% and 11%.
May 21, 2024 | 10:57 am
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Amer Sports has updated its FY24 guidance, projecting fully diluted EPS towards the high end of $0.30 to $0.40, despite a $0.03-$0.04 negative impact from non-recurring finance costs in 1Q24. The company expects mid-teens revenue growth, a gross margin of approximately 54%, and an operating margin between 10.5% and 11%.
The updated guidance indicates strong financial performance for FY24, with EPS expected towards the high end of the previous range despite non-recurring finance costs. This positive outlook is likely to boost investor confidence and support the stock price in the short term.
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