Bad Forecasts

Janus International Group’s stock is in freefall after bad quarter & bad guidance

Q3 earnings are out and storage building company Janus International saw its sales fall 18% from last year. Its EPS was half of what analysts were expecting and it completely the triple crown by guiding this year’s full revenue forecast from over 1 billion to $917.5. Good thing they were able to squeeze in that extra 500k.

The stock has continued falling from -16% pre-market to a nice red -31% currently.

Oof

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>