Hexcel Revised FY24 Outlook: Adj. EPS $2.02-$2.18 (From $2.10-$2.30) Vs. $2.21 Est., Revenue $1.90B-$1.98B (From $1.925B-$2.025B) Vs $1.955B Est.
Portfolio Pulse from Benzinga Newsdesk
Hexcel Corporation has revised its FY24 outlook, lowering its adjusted EPS to $2.02-$2.18 from $2.10-$2.30 and its revenue forecast to $1.90B-$1.98B from $1.925B-$2.025B. Both revised figures are below analyst estimates.
July 18, 2024 | 11:09 am
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Hexcel Corporation has revised its FY24 outlook, lowering its adjusted EPS and revenue forecasts. Both revised figures are below analyst estimates, which could negatively impact the stock price in the short term.
The downward revision of both adjusted EPS and revenue forecasts, which are below analyst estimates, suggests potential challenges for Hexcel Corporation. This is likely to result in a negative short-term impact on the stock price as investors react to the lowered expectations.
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