Guess Revises FY25 Revenue Growth Outlook From 11.5% - 13.5% To 10.7% - 12.7% In US Dollars; Adjusted EPS From $2.56 - $3.00 To $2.62 - $3.00, Est $2.81
Portfolio Pulse from Benzinga Newsdesk
Guess has revised its FY25 revenue growth outlook from 11.5%-13.5% to 10.7%-12.7% in US dollars. The company also adjusted its EPS forecast from $2.56-$3.00 to $2.62-$3.00, with an estimated EPS of $2.81.
May 30, 2024 | 8:28 pm
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Guess has revised its FY25 revenue growth outlook downward from 11.5%-13.5% to 10.7%-12.7% in US dollars. However, the company has slightly adjusted its EPS forecast upward from $2.56-$3.00 to $2.62-$3.00, with an estimated EPS of $2.81.
The downward revision in revenue growth outlook may concern investors, but the slight upward adjustment in EPS forecast could offset some of the negative sentiment. The overall impact on the stock price is likely to be neutral in the short term.
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