Driven Brands Reiterates FY24 Outlook: Sees Adjusted EPS Of $0.88-$1.00 Vs. $1.02 Estimate
Portfolio Pulse from Benzinga Newsdesk
Driven Brands has reiterated its fiscal year 2024 outlook, projecting an adjusted EPS of $0.88 to $1.00, which is below the analyst estimate of $1.02.
October 31, 2024 | 11:25 am
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Driven Brands has reiterated its fiscal year 2024 outlook, projecting an adjusted EPS of $0.88 to $1.00, which is below the analyst estimate of $1.02.
The reaffirmation of Driven Brands' FY24 outlook with an EPS range below analyst expectations suggests potential investor disappointment, likely leading to a short-term negative impact on the stock price.
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