Brunswick Q3 Outlook: Adj EPS $1.15-$1.25 vs $2.26 Est; Sales $1.20B-$1.30B vs $1.62B Est
Portfolio Pulse from Benzinga Newsdesk
Brunswick Corporation (BC) has released its Q3 2024 outlook, projecting net sales between $1.2 billion and $1.3 billion, significantly lower than the estimated $1.62 billion. The company also expects adjusted diluted EPS to be in the range of $1.15 to $1.25, compared to the estimated $2.26.
July 25, 2024 | 10:21 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Brunswick Corporation's Q3 2024 outlook shows a significant shortfall in both net sales and adjusted EPS compared to estimates. This could lead to a negative short-term impact on the stock price.
The significant shortfall in both net sales and adjusted EPS compared to estimates is likely to lead to a negative reaction from investors, resulting in a short-term decline in Brunswick Corporation's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100