Burlington Stores Sees Q2 Adj EPS Of $0.83 - $0.93 Vs. $0.91 Est; Sees Q2 Sales Growth Of 9% - 11%
Portfolio Pulse from Benzinga Newsdesk
Burlington Stores has announced its Q2 adjusted EPS forecast to be between $0.83 and $0.93, compared to the estimated $0.91. The company also expects Q2 sales growth of 9% to 11%.
May 30, 2024 | 10:53 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Burlington Stores has provided a Q2 adjusted EPS forecast of $0.83-$0.93, slightly below the estimated $0.91. The company also anticipates sales growth of 9%-11% for the quarter.
The EPS forecast range is slightly below the estimate, which could be seen as a negative. However, the strong sales growth forecast of 9%-11% may offset this, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100