Pioneer Reaffirms FY24 Revenue Guidance Of $52M-$54M; EPS $0.31-$0.34
Portfolio Pulse from Benzinga Newsdesk
Pioneer Power Solutions reaffirms its FY24 revenue guidance of $52M-$54M and EPS of $0.31-$0.34, indicating a 30% year-over-year growth. The company has a $45.9M order backlog and expects higher sales in the second half of 2024.
September 11, 2024 | 12:17 pm
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Pioneer Power Solutions reaffirms its FY24 revenue guidance of $52M-$54M and EPS of $0.31-$0.34, indicating a 30% year-over-year growth. The company has a $45.9M order backlog and expects higher sales in the second half of 2024.
The reaffirmation of revenue and EPS guidance suggests confidence in meeting financial targets, supported by a strong order backlog. This positive outlook is likely to boost investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100