PROG Raises FY24 Adj EPS Outlook From $2.85 - 43.10 To $3.25 - $3.40 Vs. $2.97 Est.
Portfolio Pulse from Benzinga Newsdesk
PROG Holdings has raised its FY24 adjusted EPS outlook from the range of $2.85 - $3.10 to $3.25 - $3.40, surpassing the estimated $2.97.
July 24, 2024 | 11:51 am
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PROG Holdings has increased its FY24 adjusted EPS outlook to a range of $3.25 - $3.40, which is higher than the previous range of $2.85 - $3.10 and the estimated $2.97. This positive revision indicates strong financial performance and could boost investor confidence.
The upward revision of the EPS outlook suggests that PROG Holdings is performing better than expected, which is likely to positively impact the stock price in the short term as investors react to the improved financial outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100