Regal Rexnord Now Believes Lower Half Of FY24 Outlook Range Of Sales Of $6.2B (Est $6.192B), Adjusted EPS Of $9.40 - $9.80 (Est $9.48) Is More Likely
Portfolio Pulse from Benzinga Newsdesk
Regal Rexnord has adjusted its FY24 outlook, now expecting sales in the lower half of its range at $6.2 billion and adjusted EPS between $9.40 and $9.80, which is slightly below estimates.
September 17, 2024 | 4:08 pm
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Regal Rexnord has revised its FY24 outlook, indicating that it expects sales and adjusted EPS to be in the lower half of its previously provided range. This suggests potential challenges in meeting higher expectations.
The revision of the FY24 outlook to the lower half of the range for both sales and adjusted EPS suggests that Regal Rexnord may face challenges in achieving higher performance levels. This could lead to a negative short-term impact on the stock price as investors adjust their expectations.
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IMPORTANCE 80
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