Valmont Sees Q2 2024 EPS $16.50-$17.30 Vs $17 Estimate
Portfolio Pulse from Benzinga Newsdesk
Valmont Industries has revised its Q2 2024 EPS guidance to a range of $16.50-$17.30, which is below the previous estimate of $17.
July 24, 2024 | 8:30 pm
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Valmont Industries has lowered its Q2 2024 EPS guidance to $16.50-$17.30, which is below the previous estimate of $17. This revision may lead to a negative short-term impact on the stock price as it indicates potential challenges in meeting earnings expectations.
The downward revision of EPS guidance suggests that Valmont Industries may face challenges in achieving its earnings targets, which could lead to a negative sentiment among investors and a potential decline in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100