Moog Inc Raises FY24 Net Sales Outlook From $3.55B To $3.575B, Est $3.564B; Revises Adjusted EPS Forecast To $7.40 +/- $0.10 (Est $7.30)
Portfolio Pulse from Benzinga Newsdesk
Moog Inc has raised its FY24 net sales outlook from $3.55 billion to $3.575 billion, surpassing the estimate of $3.564 billion. The company also revised its adjusted EPS forecast to $7.40 +/- $0.10, higher than the estimated $7.30. Moog expects an 8% sales growth, a 150 basis point expansion in adjusted operating margin, and a 20% increase in adjusted EPS.
August 02, 2024 | 12:11 pm
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Moog Inc has raised its FY24 net sales outlook to $3.575 billion and revised its adjusted EPS forecast to $7.40 +/- $0.10, both surpassing estimates. The company expects significant growth in sales, operating margin, and EPS.
The raised sales outlook and revised EPS forecast indicate strong financial performance and growth prospects for Moog Inc. This positive outlook is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100