Helios Technologies Sees 2024 Adj. EPS $2.25-$2.45 vs $2.44 Est., Total Net Sales $825M-$840M vs $844.75M Est.
Portfolio Pulse from Benzinga Newsdesk
Helios Technologies has provided its financial outlook for 2024, projecting adjusted EPS between $2.25 and $2.45, slightly below the estimated $2.44. The company also forecasts total net sales between $825 million and $840 million, which is below the estimated $844.75 million.
August 05, 2024 | 9:20 pm
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NEGATIVE IMPACT
Helios Technologies' 2024 financial outlook shows a slight miss on both adjusted EPS and total net sales compared to estimates. This could lead to a short-term negative impact on the stock price.
The company's projected adjusted EPS and total net sales for 2024 are both slightly below market expectations. This could lead to a short-term decline in the stock price as investors react to the lower-than-expected guidance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100