American Woodmark Shares Up 10% on Q1 Revenue Beat, Guidance is Weak
American Woodmark Corporation (NASDAQ:AMWD) shares rose on Tuesday following the company’s reported Q1 results, with revenue of $542.9 million beating the Street estimate of $512.85 million, while EPS of $1.21 missing the Street estimate of $1.28.
Despite the revenue beat, the company lowered guidance for sales growth from mid-to-high teens to mid-teens and narrowed guidance for EBITDA margin from high-single-digit - low-double-digits to low double-digits.
Analysts at Deutsche Bank raised their EBITDA estimates for 2023 to $189 million from $160 million and lowered their 2024 estimates to $196 million from $198 million. The analyst maintained their Sell rating and $45 price target.
| Symbol | Price | %chg |
|---|---|---|
| 021240.KS | 64200 | 0 |
| SPTO.JK | 498 | 0 |
| WOOD.JK | 198 | 0 |
| 009240.KS | 61200 | 0 |
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