Wabash National Lowers FY24 Outlook: Sees Revenues Of $1.95B (Estimate: $2.03B), Lower Than Prior View Of $2B-$2.2B; Projects Adjusted EPS Of $1.25 (Estimate: $1.50) From Prior View Of $1.50-$1.60
Portfolio Pulse from Nabaparna Bhattacharya
Wabash National has revised its FY24 financial outlook, lowering its revenue projection to $1.95 billion from the previous range of $2 billion to $2.2 billion. The company also adjusted its expected EPS to $1.25, down from the prior estimate of $1.50-$1.60.
October 24, 2024 | 11:03 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Wabash National has lowered its FY24 revenue and EPS outlook, indicating potential challenges ahead. Revenue is now expected at $1.95B, down from $2B-$2.2B, and EPS at $1.25, down from $1.50-$1.60.
The downward revision in both revenue and EPS forecasts suggests that Wabash National is facing financial challenges, which could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100