Schneider National Cuts Its 2024 Adj. EPS Guidance From $0.85-$1.00 To $0.80-$0.90 Vs. $0.81 Est.
Portfolio Pulse from Benzinga Newsdesk
Schneider National has revised its 2024 adjusted EPS guidance from $0.85-$1.00 to $0.80-$0.90, which is below the $0.81 estimate. The company also lowered its net capital expenditures forecast from $350.0-$400.0 million to $300.0-$350.0 million.
August 01, 2024 | 1:06 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Schneider National has lowered its 2024 adjusted EPS guidance to $0.80-$0.90 from $0.85-$1.00, which is below the $0.81 estimate. The company also reduced its net capital expenditures forecast.
The reduction in EPS guidance and net capital expenditures indicates potential challenges ahead for Schneider National, which could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100