Chart Industries Cuts FY24 Sales Outlook From $4.7B - $5.0B To $4.45B - $4.60B (Est $4.683B), Adjusted EPS From $12.00 - $14.00 To $10.75 - $11.75 (Est $11.76)
Portfolio Pulse from Benzinga Newsdesk
Chart Industries has revised its FY24 sales outlook from $4.7B - $5.0B to $4.45B - $4.60B, and its adjusted EPS from $12.00 - $14.00 to $10.75 - $11.75. The new estimates are below the previous expectations.
August 02, 2024 | 10:39 am
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NEGATIVE IMPACT
Chart Industries has lowered its FY24 sales outlook and adjusted EPS, which are now below previous estimates. This revision may negatively impact investor sentiment and the stock price in the short term.
The downward revision in both sales outlook and adjusted EPS indicates potential challenges for Chart Industries. Investors may react negatively to the lower-than-expected financial performance, leading to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100