Amer Sports Sees Q2 Fully diluted EPS Of $(0.04) to $(0.08) Vs. $(0.05) Estimate
Portfolio Pulse from Benzinga Newsdesk
Amer Sports has provided guidance for Q2 2024, expecting a fully diluted EPS of $(0.04) to $(0.08), which is below the $(0.05) estimate. Key figures include a gross margin of approximately 54.0%, an operating margin of 0.0%, net finance costs of $45-$50 million, and an effective tax rate of 38%.
May 21, 2024 | 10:59 am
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NEGATIVE IMPACT
Amer Sports has provided Q2 2024 guidance with a fully diluted EPS of $(0.04) to $(0.08), which is below the $(0.05) estimate. This could negatively impact investor sentiment in the short term.
The guidance provided by Amer Sports indicates a lower-than-expected EPS, which is likely to result in a negative reaction from investors. The gross margin and operating margin figures, along with high net finance costs, further contribute to a less favorable outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100