Wabash Cuts FY24 Revenue Outlook From $2.2B - $2.4B To $2.0B - $2.2B (Est $2.24B) And EPS Guidance From $2.00 - $2.50 To $1.50 - $1.60 (Est $2.06)
Portfolio Pulse from Benzinga Newsdesk
Wabash has revised its FY24 revenue outlook downwards from $2.2B - $2.4B to $2.0B - $2.2B, and its EPS guidance from $2.00 - $2.50 to $1.50 - $1.60. The market estimate for revenue was $2.24B and for EPS was $2.06.
July 24, 2024 | 10:58 am
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NEGATIVE IMPACT
Wabash has lowered its FY24 revenue and EPS guidance, which is below market expectations. This could negatively impact the stock price in the short term.
The downward revision of both revenue and EPS guidance indicates potential challenges in Wabash's business operations or market conditions. The new guidance is below market estimates, which is likely to result in a negative reaction from investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100