TopBuild Sees FY24 Sales Of $5.30B-$5.50B Vs. $5.5B Estimate (Prior View: $5.40B-$5.60B)
Portfolio Pulse from Benzinga Newsdesk
TopBuild has revised its FY24 sales forecast to $5.30B-$5.50B, down from the previous estimate of $5.40B-$5.60B and below the consensus estimate of $5.5B.
August 06, 2024 | 10:58 am
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TopBuild has revised its FY24 sales forecast to $5.30B-$5.50B, which is lower than both its previous estimate and the consensus estimate.
The downward revision in sales forecast indicates potential challenges in achieving previous growth expectations, which could negatively impact investor sentiment and the stock price in the short term.
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