Gibraltar Cuts FY24 Net Sales Outlook From $1.38B - $1.42B To $1.31B - $1.33B (Est $1.391B); Adjusted EPS Outlook From $4.57 - $4.82 To $4.11 - $4.25 (Est $4.58)
Portfolio Pulse from Benzinga Newsdesk
Gibraltar Industries has revised its FY24 net sales outlook downwards from $1.38B-$1.42B to $1.31B-$1.33B, and its adjusted EPS outlook from $4.57-$4.82 to $4.11-$4.25, both below estimates.
October 11, 2024 | 11:40 am
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Gibraltar Industries has reduced its FY24 net sales and adjusted EPS outlook, both falling below market estimates, indicating potential challenges in meeting financial targets.
The downward revision of both net sales and EPS outlooks suggests that Gibraltar Industries may face difficulties in achieving its financial goals, which could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100