Rogers Sees Q4 Adj EPS $0.30-0.60 vs $0.83 Est; Sees Sales $185.000M-200.000M vs $211.75M Est.
Portfolio Pulse from Benzinga Newsdesk
Rogers Corporation (NYSE:ROG) has issued guidance for Q4 with adjusted EPS expected to be between $0.30 and $0.60, below the analyst estimate of $0.83. The company also anticipates sales between $185 million and $200 million, which is lower than the estimated $211.75 million.
October 24, 2024 | 8:09 pm
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Rogers Corporation's Q4 guidance indicates lower-than-expected earnings and sales, which may negatively impact the stock price in the short term.
Rogers Corporation's guidance for Q4 shows both EPS and sales below analyst expectations. This typically results in negative sentiment among investors, likely leading to a short-term decline in stock price as the market adjusts to the revised outlook.
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