Albany Revises FY24 Total Company Revenue Outlook From $1.22B - $1.26B To $1.23B - $1.25B (Est $1.243B); Adjusted EPS Outlook From $2.90 - $3.40 To $3.10 - $3.30 (Est $3.16)
Portfolio Pulse from Benzinga Newsdesk
Albany International has revised its FY24 revenue outlook to a range of $1.23B - $1.25B, slightly narrowing from the previous $1.22B - $1.26B. The adjusted EPS outlook has been updated to $3.10 - $3.30, up from $2.90 - $3.40, with an estimate of $3.16.
October 30, 2024 | 8:55 pm
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Albany International has revised its FY24 revenue and EPS outlook. The revenue range is now $1.23B - $1.25B, and the EPS range is $3.10 - $3.30, indicating a more focused financial forecast.
The revision in Albany International's financial outlook suggests a more precise forecast, which can be seen as a positive sign by investors. The narrowing of the revenue range and the upward adjustment of the EPS range indicate confidence in achieving these targets.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100