ECD Auto Design Sees FY24 Revenue $33M Vs $45.502M Est.
Portfolio Pulse from Benzinga Newsdesk
ECD Auto Design has projected its fiscal year 2024 revenue to be $33 million, which is significantly lower than the estimated $45.502 million.
August 19, 2024 | 8:05 pm
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ECD Auto Design has announced a revenue forecast for FY24 of $33 million, which is below the market estimate of $45.502 million. This discrepancy may lead to negative sentiment among investors.
The revenue forecast of $33 million is significantly lower than the expected $45.502 million, indicating potential challenges in meeting market expectations. This could lead to a negative impact on the stock price as investors may react to the lower guidance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100