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Generac's outlook for 2024 misses analysts' projections.
Shares of Generac Holdings Inc. took a hit Wednesday, after the home-generator maker reported fourth-quarter results that came up short of expectations and provided a downbeat outlook, citing weakness in its industrial and commercial business.
Generac's (GNRC) fourth-quarter performance is likely to have benefited from continued strength in the C&I product shipments.
Besides Wall Street's top -and-bottom-line estimates for Generac Holdings (GNRC), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2023.
Generac Holdings (GNRC) closed at $127.14 in the latest trading session, marking a +1.07% move from the prior day.
Generac Holdings (GNRC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Generac Holdings (GNRC) closed at $115.33 in the latest trading session, marking a +1.46% move from the prior day.
WAUKESHA, Wis., Jan. 31, 2024 (GLOBE NEWSWIRE) -- Generac Holdings Inc. ("Generac") (NYSE: GNRC), a leading global designer and manufacturer of energy technology solutions and other power products, today announced plans to release its fourth quarter and full-year 2023 financial results before the market opens on Wednesday, February 14, 2024. Generac management will hold a conference call at 10:00 a.m. EST on that day to discuss highlights of this earnings release.
The latest trading day saw Generac Holdings (GNRC) settling at $114.69, representing a +0.04% change from its previous close.
In the latest trading session, Generac Holdings (GNRC) closed at $114.64, marking a +1.3% move from the previous day.