A.O. Smith Reaffirms 2024 Outlook: Net Sales Of $3.97B-$4.05B Vs. $3.989B Est.; Adjusted EPS Of $3.90-$4.10 Vs. $4.08 Est.
Portfolio Pulse from Benzinga Newsdesk
A.O. Smith has reaffirmed its 2024 outlook, projecting net sales between $3.97 billion and $4.05 billion, compared to the estimated $3.989 billion. The company also forecasts adjusted EPS between $3.90 and $4.10, slightly below the estimated $4.08.
July 23, 2024 | 11:00 am
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NEUTRAL IMPACT
A.O. Smith reaffirmed its 2024 outlook with net sales projected between $3.97 billion and $4.05 billion, and adjusted EPS between $3.90 and $4.10. These figures are slightly below market estimates, which may lead to a neutral to slightly negative short-term impact on the stock price.
The reaffirmed outlook shows stability but falls slightly below market expectations, which could result in a neutral to slightly negative short-term impact on A.O. Smith's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100