The Toro Company For 2024 Now Expects Total Company Net Sales Growth Of About 1%; Sees Adj. EPS Of $4.15-$4.20 (Prior Adj. EPS $4.25-$4.35) Vs. $4.30 Consensus
Portfolio Pulse from Benzinga Newsdesk
The Toro Company has revised its fiscal 2024 guidance, expecting net sales growth of about 1% and adjusted EPS between $4.15 and $4.20, down from previous estimates. This reflects macroeconomic caution, strong demand in certain sectors, and strategic adjustments.
September 05, 2024 | 12:39 pm
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The Toro Company has lowered its fiscal 2024 adjusted EPS guidance to $4.15-$4.20 from $4.25-$4.35, below the $4.30 consensus. This reflects macroeconomic caution, strong demand in certain sectors, and strategic adjustments, including a new partnership with Lowe's.
The revision of EPS guidance below consensus indicates potential challenges in meeting market expectations, likely leading to a negative short-term impact on TTC's stock price. The company's strategic adjustments and macroeconomic factors contribute to this outlook.
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