Donaldson Updates FY23 Adjusted EPS Forecast From $2.99-$3.07 To $3.00-$3.06; Updates Sales Growth Outlook From 2%-6% To 3%-5%
Portfolio Pulse from Benzinga Newsdesk
Donaldson updates its FY23 adjusted EPS forecast from $2.99-$3.07 to $3.00-$3.06 and sales growth outlook from 2%-6% to 3%-5%. The company expects a 3%-5% increase in sales, driven by an 8% increase in pricing and a negative impact from currency translation of roughly 4%.
May 31, 2023 | 10:06 am
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Donaldson's updated FY23 adjusted EPS forecast is $3.00-$3.06, and sales growth outlook is 3%-5%. The company expects an 8% increase in pricing and a 4% negative impact from currency translation.
Donaldson's updated forecast shows a slight change in EPS and sales growth outlook. The impact on the stock price is likely to be neutral as the changes are not significant enough to cause a major shift in investor sentiment. The 8% increase in pricing and 4% negative impact from currency translation may balance each other out, resulting in a neutral short-term impact on the stock price.
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