PROG Holdings Raises FY2024 Adj EPS Guidance from $3.25-3.40 to $3.30-3.40 vs $3.38 Est; Raises FY2024 Sales Guidance from $2.40B-2.45B to $2.44B-2.46B vs $2.44B Est.
Portfolio Pulse from Benzinga Newsdesk
PROG Holdings has increased its FY2024 adjusted EPS guidance to $3.30-$3.40 and sales guidance to $2.44B-$2.46B, both slightly above previous estimates.
October 23, 2024 | 11:38 am
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POSITIVE IMPACT
PROG Holdings has raised its FY2024 adjusted EPS guidance to $3.30-$3.40 and its sales guidance to $2.44B-$2.46B, slightly above previous estimates. This indicates a positive outlook for the company's financial performance.
The increase in both EPS and sales guidance suggests that PROG Holdings expects better financial performance than previously anticipated. This is likely to positively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100