Brunswick Trims FY24 Outlook: Sees Net Sales Between $5.1B-$5.2B Vs. $5.3B Estimate (Prior View: $5.2B-$5.4B); Projects Adjusted Diluted EPS Of $4.50 Vs. $5.23 Estimate (Prior View: $5-$5.50)
Portfolio Pulse from Nabaparna Bhattacharya
Brunswick Corporation has revised its fiscal year 2024 outlook, lowering its net sales projection to between $5.1 billion and $5.2 billion, down from the previous estimate of $5.2 billion to $5.4 billion. The company also adjusted its expected diluted EPS to $4.50, compared to the prior estimate of $5 to $5.50.
October 24, 2024 | 10:25 am
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NEGATIVE IMPACT
Brunswick Corporation has lowered its FY24 financial outlook, reducing net sales and EPS estimates. This adjustment may impact investor sentiment negatively.
Brunswick's reduction in both net sales and EPS estimates indicates potential challenges in meeting previous financial expectations. This revision is likely to be viewed negatively by investors, potentially leading to a short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100