Gibraltar Cuts FY24 Consolidated Net Sales Forecast From $1.43B - $1.48B To $1.38B - $1.42B, Est $1.433B
Portfolio Pulse from Benzinga Newsdesk
Gibraltar Industries has revised its FY24 consolidated net sales forecast downward from the previous range of $1.43B - $1.48B to a new range of $1.38B - $1.42B, which is below the estimated $1.433B.
July 31, 2024 | 11:57 am
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Gibraltar Industries has lowered its FY24 consolidated net sales forecast to $1.38B - $1.42B from the previous $1.43B - $1.48B, which is below the estimated $1.433B. This revision indicates potential challenges in achieving expected revenue targets.
The downward revision of the sales forecast suggests that Gibraltar Industries may be facing challenges in meeting its revenue targets. This could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100