REV Group Lowered FY24 Outlook For Net Sales To $2.40B-$2.50B (From $2.45B-$2.55B) Vs $2.49B Est
Portfolio Pulse from Benzinga Newsdesk
REV Group has lowered its FY24 outlook for net sales to a range of $2.40 billion to $2.50 billion, down from the previous range of $2.45 billion to $2.55 billion. The new estimate is below the consensus estimate of $2.49 billion.
June 05, 2024 | 11:04 am
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REV Group has revised its FY24 net sales outlook downward to $2.40 billion-$2.50 billion from the previous $2.45 billion-$2.55 billion range. This new guidance is below the consensus estimate of $2.49 billion, which may negatively impact investor sentiment.
The downward revision in net sales outlook indicates potential challenges in revenue generation for REV Group. The new guidance being below the consensus estimate suggests that the market may react negatively, leading to a potential decline in the stock price.
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