These Analysts Revise Their Forecasts On Generac After Q4 Results
Portfolio Pulse from Avi Kapoor
Generac Holdings Inc. (NYSE:GNRC) reported better-than-expected Q4 earnings, with EPS of $2.25 beating the $1.95 estimate and sales of $1.173 billion surpassing the $1.161 billion forecast. The company updated its 2024 guidance due to strong residential product sales. Analysts revised their price targets: Baird lowered to $181, Goldman Sachs raised to $193, and TD Cowen raised to $183.
November 01, 2024 | 6:35 pm
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Generac Holdings Inc. reported strong Q4 earnings, beating expectations with EPS of $2.25 and sales of $1.173 billion. The company updated its 2024 guidance due to strong residential product sales. Analysts revised their price targets: Baird to $181, Goldman Sachs to $193, and TD Cowen to $183.
Generac's better-than-expected earnings and updated guidance indicate strong performance, likely boosting investor confidence. The positive analyst revisions further support a potential short-term price increase.
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