First Solar Revises FY24 Net Sales Forecast From $4.4B - $4.6B To $4.10B - $4.25B (Est $4.44B), EPS From $13.00 - $14.00 To $13.00 - $13.50 (Est $13.49)
Portfolio Pulse from Benzinga Newsdesk
First Solar has revised its FY24 net sales forecast downwards from $4.4B-$4.6B to $4.10B-$4.25B, and its EPS forecast from $13.00-$14.00 to $13.00-$13.50. The market had estimated net sales at $4.44B and EPS at $13.49.
October 29, 2024 | 8:06 pm
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NEGATIVE IMPACT
First Solar has lowered its FY24 net sales and EPS forecasts, which are now below market expectations. This revision may impact investor sentiment negatively.
First Solar's downward revision of its FY24 net sales and EPS forecasts suggests potential challenges in meeting previous expectations. The new forecasts are below market estimates, which could lead to a negative reaction from investors and a potential short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100