Reported Earlier, Fox Factory Expects Q4 Net Sales Of $300M -$340M (Vs. $385.6M Est.) And Adjusted EPS Of $0.25 To $0.40 (Vs. Cons. $0.49)
Portfolio Pulse from Benzinga Newsdesk
Fox Factory has revised its Q4 guidance, expecting net sales between $300M and $340M, significantly below the previous estimate of $385.6M. Additionally, the adjusted EPS is projected to be between $0.25 and $0.40, compared to the consensus of $0.49.
November 01, 2024 | 10:55 am
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Fox Factory's revised Q4 guidance indicates lower-than-expected net sales and adjusted EPS, which may negatively impact investor sentiment and the stock price in the short term.
The company's revised guidance for Q4 net sales and adjusted EPS is significantly below market expectations. This discrepancy is likely to lead to negative investor sentiment and potential short-term downward pressure on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100