REV Group Lowered FY24 Outlook For Net Sales To $2.35B-$2.45B (From $2.40B-$2.50B) Vs $2.44B Est.
Portfolio Pulse from Benzinga Newsdesk
REV Group has revised its fiscal year 2024 net sales outlook downward to a range of $2.35 billion to $2.45 billion, compared to the previous range of $2.40 billion to $2.50 billion. This adjustment is slightly below the estimated $2.44 billion.
September 04, 2024 | 11:04 am
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REV Group has reduced its FY24 net sales forecast to $2.35B-$2.45B, down from $2.40B-$2.50B, which is slightly below the market estimate of $2.44B. This could indicate potential challenges in meeting sales targets.
The downward revision in sales outlook suggests that REV Group may face challenges in achieving its previous sales targets. This could lead to negative sentiment among investors, potentially impacting the stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100