Gildan Activewear Revised FY24 Adj EPS Guidance To 2.97-$3.02 (From $2.92-$3.07) vs $2.97 Estimate
Portfolio Pulse from Benzinga Newsdesk
Gildan Activewear has revised its fiscal year 2024 adjusted EPS guidance to a range of $2.97 to $3.02, compared to the previous range of $2.92 to $3.07. The new guidance aligns with the $2.97 estimate.
October 31, 2024 | 10:48 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Gildan Activewear has adjusted its FY24 EPS guidance to $2.97-$3.02, aligning with market estimates. This revision narrows the previous range, indicating a more precise forecast.
The revision of the EPS guidance to a narrower range that aligns with market estimates suggests stability and predictability in Gildan's financial performance. However, since the midpoint of the new range is unchanged, the immediate impact on stock price is likely neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100