American Axle Is Targeting FY24 Sales In Range Of $6.1B-$6.3B Vs. $6.05B-$6.35B Prior (Estimate: $6.22B)
Portfolio Pulse from Benzinga Newsdesk
American Axle is targeting FY24 sales in the range of $6.1 billion to $6.3 billion, compared to the previous range of $6.05 billion to $6.35 billion. The estimate is $6.22 billion.
August 09, 2024 | 12:13 pm
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American Axle has adjusted its FY24 sales target to a range of $6.1 billion to $6.3 billion, slightly narrowing the previous range. The estimate is $6.22 billion.
The adjustment in the sales target range is minor and aligns closely with the market estimate of $6.22 billion. This suggests stability in the company's revenue outlook, likely resulting in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100