A. O. Smith Cuts FY24 EPS Guidance From $3.95 - $4.10 To $3.70 - $3.85, Est $4.06
Portfolio Pulse from Benzinga Newsdesk
A. O. Smith has revised its FY24 EPS guidance downwards from $3.95 - $4.10 to $3.70 - $3.85, which is below the estimated $4.06.
October 11, 2024 | 10:58 am
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NEGATIVE IMPACT
A. O. Smith has reduced its FY24 EPS guidance to $3.70 - $3.85, which is below the market estimate of $4.06. This revision indicates potential challenges in meeting previous earnings expectations.
The downward revision of EPS guidance suggests that A. O. Smith may face challenges in achieving its previous earnings targets. This could lead to a negative market reaction as the new guidance is below analyst estimates.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100