Guess Expects Q2 Consolidated Net Revenue In US Dollars To Increase 9.0% - 11.0%, Adj EPS Of $0.38 -$0.47, Est $0.66
Portfolio Pulse from Benzinga Newsdesk
Guess Inc. (GES) expects its Q2 consolidated net revenue in US dollars to increase by 9.0% to 11.0%, with adjusted EPS projected to be between $0.38 and $0.47, falling short of the estimated $0.66.
May 30, 2024 | 8:25 pm
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Guess Inc. (GES) expects Q2 revenue to grow by 9.0% to 11.0%, but its adjusted EPS forecast of $0.38-$0.47 is below the estimated $0.66, which may concern investors.
The revenue growth projection is positive, but the adjusted EPS falling short of estimates is likely to concern investors, potentially leading to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100