Dorman Prods Raises FY2024 Adj EPS Guidance from $6.00-6.20 to $6.85-6.95 vs $6.14 Est; Anticipate net sales growth to be in the range of 3.5% to 4.5%.
Portfolio Pulse from Benzinga Newsdesk
Dorman Products has raised its FY2024 adjusted EPS guidance from $6.00-6.20 to $6.85-6.95, surpassing the analyst estimate of $6.14. The company also anticipates net sales growth of 3.5% to 4.5%.
October 31, 2024 | 8:05 pm
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Dorman Products has increased its FY2024 adjusted EPS guidance to $6.85-6.95, exceeding the analyst estimate of $6.14. The company also expects net sales growth between 3.5% and 4.5%.
The increase in EPS guidance above analyst estimates is a positive indicator for Dorman Products, suggesting strong financial performance. This is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100