Douglas Dynamics Narrows FY2024 Adj EPS Guidance from $1.20-1.70 to $1.20-1.60 vs $1.55 Est; Lowers FY2024 Sales Guidance from $600.00M-640.00M to $570.00M-600.00M vs $605.47M Est
Portfolio Pulse from Benzinga Newsdesk
Douglas Dynamics has revised its FY2024 financial guidance, narrowing its adjusted EPS range and lowering its sales outlook. The new EPS guidance is $1.20-1.60, down from $1.20-1.70, and the sales forecast is now $570M-$600M, reduced from $600M-$640M.
October 28, 2024 | 10:10 pm
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Douglas Dynamics has revised its FY2024 guidance, narrowing its adjusted EPS range to $1.20-$1.60 and lowering its sales outlook to $570M-$600M, both below analyst estimates.
The narrowing of EPS guidance and lowering of sales outlook below analyst estimates suggest potential challenges for Douglas Dynamics, likely leading to a negative short-term impact on its stock price.
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